DislikedHad a winning trade on short usd/chf today based on H4 candle didnt break higher ( candle body close) on the previous high wick
Also had a long profitable gbp/usd trade today based on H4 candle body didnt close lower than the lowest wick.
Currently on e/j and g/j longsIgnored
Did you take the trade solely off the 4 hr. Or just decide that was a decent level because of it. Then looked for a entry? The Gbp was pretty easy a double bottom , If you were awake for it.and nice hamme entry pin , , If someone took the the first pin could have gotten stopped. But the candles closed above the first pin everytime though 20 pip stop may have been required to hold it.
t is hard to see after the fact as I watch those for volatility did it drop fast and get rejected just as fats or faster,But you can always see a level building like it did at 1.6090 ish. and 80 is a big number 20 pips before 00. and the 50 ema off the 4hr.
I know this is all hindsight , but you have to start to take notice after the fact before you will ever see it in real time. Why it is good to go over your charts after ttrading to see if you missed any of your favorite trades.
Sorry for taking over this post . Just thought I would pass on what I saw at this level on the gbp.
Don't really watch swizzy it is oppisite E/U so close.
Good Trading To All ; Ken Lee