Seeing a pullback upwards after going south since the 20th April 2018 with my understanding on BBMA strategy which I am just about getting use to it in a while. The Stochastic and RSI indicates an overbought but I am sticking with a slight pullback going upwards to 1.7775 on the 2.168 Fibonacci Retracement on the 240min chart. Just be careful as I am a counter-trend trader.
A break on the 1.7775 would mean 1.8000 as a possible target. Not a bad 1:3 risk to reward after all.
Dawn late analysis. *yawn*
A break on the 1.7775 would mean 1.8000 as a possible target. Not a bad 1:3 risk to reward after all.
Dawn late analysis. *yawn*
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Oh, dont really mind that stoploss. All up to your analysis on where to put a better stoploss
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Hit a stoploss on setup-c H4 Eurusd. Trading against the trend, risky trade but got to move on to the next trade. Normal days
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So after hitting the stoploss, the price slowly move to our target. Spot on!
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Target hit 1.7775. Not a bad analysis after all :) More good setups coming