On GBPCAD, after 1.86620 was hit, price moved back immediately. The reason is that 1.86700 is a very strong resistance level. The signal candle on the M15 chart suggested that the price wanted to test the high of the second arrowed candle on the H1 chart. Therefore the high of the second arrowed candle was my profit target. The high of the first arrowed candle is a hit or miss and therefore should never be the profit target.
|Thread Tools||Search this Thread|