Short Retest?

30 авг. 2018 г.

Looks like broken structure.

Lack of buyers at this level tells me selling would be a good idea.

The next demand level is rather far so the possibility of letting profits run longer seem very real. I've put a hypothetical trade should it occur. Update with actual trade if taken.

31 авг. 2018 г.

Сделка активна

Now I'm worried because I didn't respect one of my rules going into this trade. Lack of a big drop candle could signal indecision at this price.

31 авг. 2018 г.

Сделка закрыта вручную

Closed at a loss.



Looking back on this trade. I jumped the gun too fast. The zone was definitely incorrect because the demand has already been filled which left a void. Classic trap..

31 авг. 2018 г.

Заметка

i.imgur.com/M5MhSsp.png

31 авг. 2018 г.

Заметка

Needless to say I could be wrong and price could do a complete 180 to fall below 1.3000 but seeing how price never really pushed down fast enough tells me it won't push down much more.

Oh and have a happy labor day weekend!