I like these kinds of setups as they are perfect to trade with pending orders. As long as the re-tested trendline acts as a support, I'm only looking to buy for new highs.
Yorumlar
r0hand
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yes absolutely, going somewhat flat for now, just waiting, that 6015 target around a level of R2 app is fine, but for now, its a bit bearish, will wait and see.
capitalpropertiesfx
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Taking into account that longer-term trend is down this setup could fail quite fast but at the moment I like it. If we should move back towards todays opening levels (approx 40pips lower) I'd say it will most likely fail. That's why I'm holding pending orders.
r0hand
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I made 31 pips and closed the trade, thats fine for me on 2 lots. Did expect the 6015 target as its reaching the R1 and upper COG line too, but to be safe, I took 31 pips and closed it.
Definitely down on the larger time frame, but H1 and H4 is enough money - and no I'm not referring to dirty scalping :)