DislikedEURAUD - Went long last night on daily close pinbar. Market has been ranging between 1.55 and 1.50 since beginning of December, and we had a long pinbar of the bottom S/R. Had to put in a big stop, so had to drop my price per pip to keep within my 2% capital risk. So, Tail Gunner, have I got traffic here? It seems that we at the bottom of a good swing low, and it certainly doesn't look as busy as the NZDUSD I mentioned in previous post, although I'm concerned my idea of what 'traffic' is, is a bit off. One concern though is a daily S/R around 1.53...Ignored
I think you've overlooked a very big Fib making this an easy pass for me, especially now price looks like it respects the line.
Hope it helps.
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