Waiting for signal before going long/short
Updated
2 possible scenarios:
A: Possible retest of resistance/support zone. If price starts bouncing away from support, I will go long.
B: Possible head and shoulders pattern. If I see a break and re-test of resistance zone, I will go short.
A: Possible retest of resistance/support zone. If price starts bouncing away from support, I will go long.
B: Possible head and shoulders pattern. If I see a break and re-test of resistance zone, I will go short.
Trade active
Scenario is playing out. I'm going long! TP at resistance @ 1.18562, and SL below support zone @ 1.17162. Let's go!Trade active
lol, ok, so it looks like both scenarios have been playing out. Scenario B formed a bullish head and shoulders pattern, so Scenario A now looks like it is fully playing out as price is starting to go finally keep going up.Trade closed: target reached
Wohooo. Price reached TP!
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