Eur/Gbp 4H.
Bearish bar according to entry type 4.
g.
Ghous,
Thanks for sharing, something new to rear evaluation.
You're inspirational, we started around precisely the exact same time, and your trading knowledge only exploded. Lots of hard labour, and it's evident.
Thank you!
T.J.
stopped out for BE.Originally Posted by ;
Price hauled back after moving 3R in my way - no way was I going to take a loss on this one.
g.
Thanks a lot T.J for the encouraging words - still quite a ways to goOriginally Posted by ;
Saw this on Ej, but was a simple pass for me.
I was searching for a more powerful near or outside the ascending trend line.
It's working out pretty well but I'm determined to be picky with my trades, given the fact that we get ample installments every month across the pairs I exchange.
g.
Thank you Ghous. I got what you mean.Originally Posted by ;
I did notice reversal but paying more attention to 8500. The price broke 8500 and started retracing. Now two things could occur.
1. Price will respect 8500 and will act as a support
2. Price does not respect 8500 and price breaks through
In this case, I feel the 1st one happened. Price formed consolidaiton and stalled at 8500. The pub that was 5th broke 8500. This pub happened to be touching EMA21. Hence I considered this pub as a trigger pub.
Probably should have waited till price crosses 8540/8530.