Dislikedtook a touch trade this morning on eur/gbp (0.8360 entry, 1/2 off at 0.8395, last 1/2 still in).
just want to show you the importance of additional confluence on touch trades.
here we got the volume as confirming signal. look at the last three down-bars before the big bullish bar. we have the down-bars but volume is decreasing. so this can only means that the professionels are not interested in lower prices.
so be careful when taking touch trades only based on s/r. look for any other confluence like fibs, price-action-bars, volume, etc.
hth...Ignored
"so this can only means that the professionels are not interested in lower prices."..this line was interesting!something to learn!thanks