i've got a question,
but before that, i tried a touch trade to short on 1.67 on gbp/usd but got stopped out... obviously im not ready for touch trades yet....
anyway, my question is, if lets say the latest daily bar closes and forms a nice looking pin, is it still a good entry? NOTE: the pin has already pierced thru PPZ of 1.67 by alot.
does that mean 1.67 can still be a resistence? or because it has went thru by so much it's no longer a strong resistence..?
but before that, i tried a touch trade to short on 1.67 on gbp/usd but got stopped out... obviously im not ready for touch trades yet....
anyway, my question is, if lets say the latest daily bar closes and forms a nice looking pin, is it still a good entry? NOTE: the pin has already pierced thru PPZ of 1.67 by alot.
does that mean 1.67 can still be a resistence? or because it has went thru by so much it's no longer a strong resistence..?