DislikedOk so close resistance trade didnt work out, just spike up to open trade, -20 pips, close support trade worked +20 pips, thought id forgot to do pending orders when platform was loaded Any reasons I shouldnt have gone for that buy order giving numbers on the calculator or extra fibs?Ignored
It didn't work out beacause if you look at the calculation from NY close, close_100% and up_0% are the same price which indicate a strong resistance. again, trend identifier 3864 is around close_resistance which also pointed to a possible resistance zone and price opened below all these levels.
i didn't place any long order because of all the above resistance points and my sl was above close_100% for the shorts.
Now all short trades hit tp at down_support (3774) and even went below it by 4 pips.
my analysis now is that since we broke down_support by more than 2 pips, we should see down_0%..so i have pending short order at 3770 with tp at down_0% 3649.
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