Click Here to Get a Free Subscription to SFO Magazine
 

I Wasn't Patient Enough

I got stopped out on this trade.  I was looking for a bounce off the trendline on 10/20, but I didn’t wait for a confirming candle to take the trade. The target was the 50% fib retracement on the 1 hour, which coincided with the central pivot.

Price then proceeded to slip through the trendine, stopping me out.

Long 1 EURAUD @ 9291
Stop @ 9205 (-86)
Target @ (+249)


click picture for larger image

No related posts.

Comments are closed.