medici,
tried out this long haul today:
3 tops rising into a strong resistance zone accompanied by oscillator divergence.
low risk short entry right near the touch of the trendline at 122.13 with a 5 pip s/l.
probably should have waited for the top candle to complete and entered on the next candle.
however, on completion, that candle formed a high volume shooting star which gave some confidence.
left it alone once stop was moved to b/e.
exited at 121.00 a short while back as it entered support zone.
was this trade correctly taken?
tried out this long haul today:
3 tops rising into a strong resistance zone accompanied by oscillator divergence.
low risk short entry right near the touch of the trendline at 122.13 with a 5 pip s/l.
probably should have waited for the top candle to complete and entered on the next candle.
however, on completion, that candle formed a high volume shooting star which gave some confidence.
left it alone once stop was moved to b/e.
exited at 121.00 a short while back as it entered support zone.
was this trade correctly taken?