i netted 29pips from this trade
Price came to retest or pullback towards 50ma, which also coincided with M2 pivot line. price found support around this area. Price then pullaway from the support with smooth curve up.I entered the trade after the closure of the power candle, although it was a little risky because of the tweezer formation at the pivot which could be a resistance area but the market prove me right.
pls someone should kindly comment on the trade.i will really appreciate it.
seyi
Price came to retest or pullback towards 50ma, which also coincided with M2 pivot line. price found support around this area. Price then pullaway from the support with smooth curve up.I entered the trade after the closure of the power candle, although it was a little risky because of the tweezer formation at the pivot which could be a resistance area but the market prove me right.
pls someone should kindly comment on the trade.i will really appreciate it.
seyi