Took sells on GU based on:
1. 4hr breaking out then closing back in the range.
2. Price pushing down to create support.
3. Pirce breaking above resistance then closing back in range on 30min and creating 30min resistance and breaking low of the previous 30min.
Enter as:
- The 30min broke the low of previous low and the 5min closed below that low. I waited for the next 5min to push down and then entered.
Entry: 1.2706
Initial Stop: 1.2789
Target: 1.26794
(Disclaimer: I'm just a long time trader still trying to find his way in the markets. Take anything I post here with a grain of salt)
Will close portion of the potion between plus 7 - 10pips as that lines up with the bottom of the range.
1. 4hr breaking out then closing back in the range.
2. Price pushing down to create support.
3. Pirce breaking above resistance then closing back in range on 30min and creating 30min resistance and breaking low of the previous 30min.
Enter as:
- The 30min broke the low of previous low and the 5min closed below that low. I waited for the next 5min to push down and then entered.
Entry: 1.2706
Initial Stop: 1.2789
Target: 1.26794
(Disclaimer: I'm just a long time trader still trying to find his way in the markets. Take anything I post here with a grain of salt)
Will close portion of the potion between plus 7 - 10pips as that lines up with the bottom of the range.
1st exit 80% @ +7.5pips
2nd exit 20% @ BE