I have to be careful of weekly trend kicking back in at some point in time. However, I like how price stopped dead on the other side of the highway. This happens a lot when price quickly turns around and heads back that other direction.
Plus, we are over-bought. Because we took our trade on a lower tf, the 1w has not changed direction yet, but if it did after opening a trade on a 4hr bar.....we should be able to add positions all month long! ... except I don't have anymore lots available at the moment. But I can simulate. That would be the best for this first run anyway.
I definitely have to keep my eyes open, and be ready for anything.. just not too ready.
This has nicely given me the big picture of this pair at the moment. It looks really good for a nice reversal of a minimum 300+ pips and maybe lots more.
Plus, we are over-bought. Because we took our trade on a lower tf, the 1w has not changed direction yet, but if it did after opening a trade on a 4hr bar.....we should be able to add positions all month long! ... except I don't have anymore lots available at the moment. But I can simulate. That would be the best for this first run anyway.
I definitely have to keep my eyes open, and be ready for anything.. just not too ready.
This has nicely given me the big picture of this pair at the moment. It looks really good for a nice reversal of a minimum 300+ pips and maybe lots more.
"Keep your eyes on the helpers" - Mr. Rogers