DislikedDate: 26/07/17 6.55 GMT EUR/JPY Daily: Open above Horsemen ROMAR - Support EMA - Support PSAR Support Check List: Last MACD 0 crossing: Down Last EMA Alert Arrow: UP Last DB Attachment: 130.753 top Fibo: Down Notes: The Daily has the 4 horsemen flat to up, below market and slightly out of balance. Green divergence attached at the L/H with SAR. The DB attached at the high at the 0 red fibo with now magenta tag, No green divergence. MACD just below 0. Romar out of trading area. BBs just starting to open up. 2 HR: OPEN PRICE 130.311 130.195 ROMAR -...Ignored
You got in way too early for the long. With your entry Smooth was showing an EMA slider but in order for the slider to generate you needed the Parabolic hit with the SAR. The last high was a Double Top which places the market into a ranging mode. We now have the SAR reattached on the top which may, or may not give up your 40.
Your entry for the previous long off Purple was a good trade because there was 40 to be taken before the top. This trade has your TP at the very top. So we will see as the bars move on if it will create a new top.
The Dove - Forex Trainer
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