After my analysis yesterday I decided to set a sell limit at 1.3133 and I’ve just been triggered. Why 1.3133? Due to the recent strong upward momentum this can be considered as a counter-trend trade. My target is around 1.29 but I’ll try to look at the chart after I’ll reach the 1:2 risk reward, we are countertrend. My Stop Loss is at 1.3210 because I think we can get a retest of the 1.32 level too. Let’s see. Here is my chart!
Comments on: "Last position of the month. Short on Eur/Usd!" (3)
my stop was just hit, but I see that yours is a bit higher than mine so maybe you’ll be OK. I think it would have been better to enter below the pin bar’s low, this would have given confirmation. what do you think?
on my chart the low has been broken too before going high so it was also another losing trade and the risk:reward was going to be bad if entreating at the broken low. I think that is a losing trade that can happen, anyway maybe the reason not to enter was that the day before there was a strong upside candle just bounced on the ema signaling the uptrend was going to continue.
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