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Here is a mini Monday Trade that I did.
Price moved up strongly back towards the Weekly Pivot point but there was a strong area of resistance that made me nervous. In addition, price has had a downward tendency lately so I set my price target just below the last area of resistance.
This was meant to be a quick trade based on current price action. I only traded 2 units. Price hit the target and bounced back down.
I made +0.5% on the account. In hindsight, there isn’t anything that I would have done differently on this trade.
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