A very quick trade - just arrived at home and look at the PC when I saw the setup and entered. Just another example of scanning the chart quickly to see if anything calls me. And this setup did call call.
Mike:
Look at chart 2 - the exit of my trade. No new low yet. Only on the third chart. Divergence.
Do we consider taking the next TC? Above the S1 line. Divergence. But no high low formed so far. The previous low was lower than the 2nd last low.
Now I am looking for a lower high to be formed - 2nd sister (hopefully in the war zone)
Are you with me or do you differ from me? What is your opinion?
Mike:
Look at chart 2 - the exit of my trade. No new low yet. Only on the third chart. Divergence.
Do we consider taking the next TC? Above the S1 line. Divergence. But no high low formed so far. The previous low was lower than the 2nd last low.
Now I am looking for a lower high to be formed - 2nd sister (hopefully in the war zone)
Are you with me or do you differ from me? What is your opinion?
Willem
Forex recipe for success = Patience, discipline & hard work.