DislikedI was checking my swing trade orders today and honestly I don't like this level for a long term trade. This level is 3rd pullback to an old supply zone, if u zoom it on 1hr there is this candle with big shadow pointing to supply, small rejection and some new supply coming in, also new demand level just below, I will skip this one. Upper one on 82.200 looks nice tho.
http://s18.postimage.org/6mu8uxt3t/C...s_snapshot.pngIgnored
Thank you for your input, PeterFX !
I missed yesterday's entry by 3 pips and it's good for 40 pips so far. Oh well, I'll use this one as a lesson :-) You're right, it may not run any further given some strong demand close-by.
I agree that the 82.20 is a better picture, and will definitely take that trade when it comes.
Again, thanks for the input, much appreciated !