DislikedPotential 1-2-3 break on A/U on 1H. I'm looking to go long at the confluence of 5M trendline and 5M bucket at .9065 with a tight stop (18-20 pips). If stopped out, then will wait to go long around the .8975 (entry long on 5M bucket there). Targeting .9175 zone and not looking for that break today since the area has 2 things: (1) 5M bucket which started the move down today and (2) ADR reached for today. Will look for a small rejection there and re-entry long and looking for the break tomorrow.
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- #13,550
- Edited 2:15pm Dec 15, 2009 1:39pm | Edited 2:15pm
- Joined Mar 2008 | Status: Trader | 1,462 Posts
- #13,556
- Dec 17, 2009 12:34pm Dec 17, 2009 12:34pm
- | Joined Nov 2008 | Status: I support the resistance | 1,033 Posts
- #13,559
- Dec 17, 2009 12:50pm Dec 17, 2009 12:50pm
- | Joined Nov 2008 | Status: I support the resistance | 1,033 Posts