11 April Up Bias Down move
As commented yesterday, the price was having a tough time to stay above the MA. So when I saw that the price failed again at the yesterday high(of Asian Session), I went short even though the price was in an up move. I did so with a very low risk of 12 pips. Entry at 1.0910 SL at 1.0922. The price went for 79 pips but I wanted to see if it will continue to my target lower. I moved the SL to +52 pips and went to sleep and was taken out. I think its ok. I will wait to see if the price will retrace slightly higher and give a signal to short around Thu,Fri low or recapture MA for a #3b trade since its an up bias week. Right now, I will wait.
As commented yesterday, the price was having a tough time to stay above the MA. So when I saw that the price failed again at the yesterday high(of Asian Session), I went short even though the price was in an up move. I did so with a very low risk of 12 pips. Entry at 1.0910 SL at 1.0922. The price went for 79 pips but I wanted to see if it will continue to my target lower. I moved the SL to +52 pips and went to sleep and was taken out. I think its ok. I will wait to see if the price will retrace slightly higher and give a signal to short around Thu,Fri low or recapture MA for a #3b trade since its an up bias week. Right now, I will wait.