Waiting for this pair to hit the 112.00 were the two patterns converge with each other to go short RSI on Daily charts is already over bought.
Trade attivo:
Entered at 112.537
Stop Loss at 113.094
Take Profit 105.000
Stop Loss at 113.094
Take Profit 105.000
Trade chiuso: stop raggiunto:
Stop was reached but it should have been above the point X went for a tight stop but it burned me out price seems it's going down now as predicted. Lessons learned from this one never jump into a trade before reversal is confirmed and put stops always above the X point.
I will see if it continues to go down on Monday and search for a short on the lower time frames.
I will see if it continues to go down on Monday and search for a short on the lower time frames.