Disliked{quote} My take on it is it's showing higher highs and higher lows. The top shows as a double top. {quote} I'm intending to trail my stop below swing lows until I get stopped out, but I see 135 or just shy as a reasonable target for exactly the reasons you've mentioned. If you'd been brave you could have entered on the doji of the 3rd-september (previous support - look left!), but I waited until the week close (bullish engulfing bar!), then looked for an entry on the 4hr chart (as I can trade the yen pairs on 4hr comfortably). Remember this is overall...Ignored
It answers a lot! I will trail the stop too with 50% of the trade and let the rest to hit 135. Will put it at BE at the close of first 50% of the trade /below swing low/ Let's pretend that the price was not at support at the time of the trade. This is still valid entry from the strat shadow, which is acting as dynamic support right?
Thanks in advance!
Have a good day,
Emil Ushev
You attract what you think in any area of life, relationships and trading!