Breakout or double top and reversal?.

4 nov 2016

Technicals point to a top forming but I am in this trade hoping for a breakout but knowing that it probably wont happen.

4 nov 2016

Nota

I closed my long position on this trade for a small gain, and ready to go long or short whichever way price action goes.

4 nov 2016

Nota

I opened another small long trade, see what happens.

4 nov 2016

Nota

This trade isn`t a typical breakout, be wary of a sharp reversal.

4 nov 2016

Nota

The ks is now pointing up and we are building some momentum.

4 nov 2016

Nota

Daily chart gives me hope that price may go above 1.70000 level.

4 nov 2016

Nota

I dont use a stop loss most times, this time it probably saved me although price fell to the ma21 and my stop would normally be below it.

4 nov 2016

Nota

This has been a good trade but I would recommend looking at taking some profits and exiting the trade on the next good candle if not before.
I guess there is still some more upside but it is looking less solid right now overall.

4 nov 2016

Nota

If this candle becomes a reverse pinbar its time to look for shorting opportunites.