BAT CONVERTED TO CRAB AND PIN BAR has been formed right on daily resistance zone
After braking the strong weekly Resistance zone 1.11. price got to high note of 1.13-/+
and by mid afternoon took a noise drop back to 1.12-/+
Sold on Friday however i will treat this pin bar differently
Due to the fact that Weekly resistance was broken I will take some profit @ or around
Weekly support.
if breaks the support to down side and closes I will add to my positions other wise
.will close all positions and wait and analyze once again.
STOP LOSS 1.1305 gives me 55 pips loss vs 130-150 pips not bad 2:1 or 3:1 possibility and even more
I can live with that :)
Good Luck
After braking the strong weekly Resistance zone 1.11. price got to high note of 1.13-/+
and by mid afternoon took a noise drop back to 1.12-/+
Sold on Friday however i will treat this pin bar differently
Due to the fact that Weekly resistance was broken I will take some profit @ or around
Weekly support.
if breaks the support to down side and closes I will add to my positions other wise
.will close all positions and wait and analyze once again.
STOP LOSS 1.1305 gives me 55 pips loss vs 130-150 pips not bad 2:1 or 3:1 possibility and even more
I can live with that :)
Good Luck
