DislikedTook this 4Hr BUOB, stop at bottom of bar entry at 154.40. Rounde number, nice bar, swing low, and some space.
As bar broke up 30 pips I used the bar break stop method and moved stop up to the breaking bar low. I used this method because this trade is somewhat CT which and could be rejected by many of the bar lows to the left even though I think it has some space and could possiblly get to 155.50-156. Right now the area to watch out for is the 155, if we can break this I will move up stop some more to lock in profit.
Any thoughts? comments?...Ignored
Just be careful now were at the 155, which is a clear PPZ area. This would be the area where I would be wanting to do something at personally. Price looks like its turning over overall, so I would be more bearish unless we can fully clear this 155 and it turn into support.
Mike