Couple of trades..
First trade is based on the concepts shown in the video HG shared.
The only issue with this setup is that in the video, the presenter says to look for narrow spreads when the previous high is tested. In this case the spread wasn't narrow, but there were multiple signs of weakness to confirm this trade.
I think this trade went almost 40 pips in my favor, I traded a small position, a mini lot so I didn't really care about the outcome and ended up just letting the trade come back on me.
AJ was the trade I was really focused on today, look at that spread on the Sunday opening bar. Really huge spread, professional money had to be active on that bar. I was anticipating price to come up and reject the close but instead price pushed through and tested.
My entries were kinda high, but luckily the pair didn't really put me under too much pressure.
Can't stress this enough, always look at daily.. Even if you're trading a M1 chart. Look at AJ daily, 92.95 has been acting as support and Friday dips below and closes above the support on high volume. With that information, it should be clear to hold on to any longs.
First trade is based on the concepts shown in the video HG shared.
The only issue with this setup is that in the video, the presenter says to look for narrow spreads when the previous high is tested. In this case the spread wasn't narrow, but there were multiple signs of weakness to confirm this trade.
I think this trade went almost 40 pips in my favor, I traded a small position, a mini lot so I didn't really care about the outcome and ended up just letting the trade come back on me.
AJ was the trade I was really focused on today, look at that spread on the Sunday opening bar. Really huge spread, professional money had to be active on that bar. I was anticipating price to come up and reject the close but instead price pushed through and tested.
My entries were kinda high, but luckily the pair didn't really put me under too much pressure.
Can't stress this enough, always look at daily.. Even if you're trading a M1 chart. Look at AJ daily, 92.95 has been acting as support and Friday dips below and closes above the support on high volume. With that information, it should be clear to hold on to any longs.
5