5 times now this has tried to break out for new highs and failed. A closer retest of the 1.5365 area should tell the story. In my mind the odds favor another downside run. Risk/Reward is pretty good, but, psychologically a 90 pip risk is very uncomfortable for me to handle. Smart stops, however, must go above the breakout high. Hope the candlesticks really, really light the way !!!!!
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dojitrader
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Rats !!! In a way it serves me right:
Afraid of a 90 pip stop loss I did not front run or
trust the candles, waiting for exactly my entry price.
So, looks I've missed a good trade by about 10 pips.
Afraid of a 90 pip stop loss I did not front run or
trust the candles, waiting for exactly my entry price.
So, looks I've missed a good trade by about 10 pips.