Isn't it better where she breaks the very next bar?
DislikedI set sell stop order yesterday at 1.0335 and will go break even at 1.0305 if it breaks. It was A+ setup for me.
What do you think? Pros/cons ?
My analysis:
+beautiful pin bar
+Big Round Number 1.0500
+50% fib
+(some, not very good)divergence
+S/R area
+1 year extreme
-first trouble area close but enough time to go break even
Plan:
1, go short at 1.0335
2, take half off at 1.0305
3, go break even(-10pips to allow room for pullback) at 1.0305
4, watch how it goes then, I'll be watching 1.0200 and 1.0070
Cheers,
MikeyIgnored