Disliked5m entry, daily target, if all pans out, 7pips SL EDIT> just glanced at the trade now, we have the 5m GOTCHA bar, hopefully catching all the people trying to go short from 1hr trendline break and retest setup!!! we ll see how it develops, i can t win if i don t take a risk, no matter how small {image} {image}Ignored
looking at H1 on EC, I don't see any signs that EC is being actively traded I get the feeling that the pair is only moving because EU and UC are moving. Looking at Friday's action, during LO here wasn't really and decent expansion volume and marking off the close for the LO bar there wasn't any clear reaction showing us that any pros were willing to defend their position. Today as we approached Friday's LO trigger 1.5463, price closes above and below it multiple times.. Price was really just all over the place.
On another note looking at your M5 chart, the first high volume bar you marked off, the one before 7:30 on your chart is a shakeout. It did everything a shakeout is suppose to do, so the 2nd high volume bar you marked off, the one after 9:00 why was this bar back at the lows of the shakeout? The market had already been shook out.. it's always suspect when the market comes back down the the low of a shakeout, the market is suppose to rally aftewards.
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