Possible reversal trade on EURCHF
Strong move down into the demand zone. Bullish pin bar formed. Might break lower following the longer-term trend towards the lower trendline of the descending wedge. Therefore placing a buy stop above the demand zone. If price trades above that level I expect more bullish momentum. This results in much lower RR then when I would trade with a retrace entry. Still, I prefer more high probability trades and higher win ratio. This is good for confidence.
Date Pair Direction Trade Trend Level Signal Entry
2019-11-14 EURCHF Long Reversal Down Demand zone Pinbar break
Date Pair Direction Trade Trend Level Signal Entry
2019-11-14 EURCHF Long Reversal Down Demand zone Pinbar break
註釋
Moved stop to BE註釋
Moved stop to 0.7R. Big indecision candle formed. If price moves below today's low I want to be out. If it moves higher ... Great.註釋
Moved stop to 1.13
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