DislikedThanks, I appreciate your help and I'm learning a lot.
Back to EUR/NZD, now the 3H chart. There is a nice pin bar on the S/R line. Lucky me I did not enter, I would have been stopped out.
In hindsigh, why not enter at that pin bar? It didn't touch the trend line but that's not always the case, right?Ignored
Hey erdah,
You had the right idea...my 2 cents as I'm not a big proponent of touch trading or anything near touch trading.
Nice trend line break on daily/4hr....nice 123 bottom.
Pull back to 50.61.8% area.
Now you just have to wait and see if this goes up or down...if you get a nice reversal pattern then go short with proper m/m. If not then you have to wait for another set up in the future.
Plan your trade and trade your plan.
Very good my friend.
golferfx