Result +1 pip
- a triangle formation
- an “up-trending” market, however we must note that one time frame higher (30 min) the visual flow was down, and the beginning of the chart shows a potential resistance not far above where I got in
- there was a nice piercing of the bollinger band(S) and since there was a triangle breaking UP I thought it was worth a shot
Note this wasn’t the right time to be trading this pair as It was night time, EST.
- I wasn’t going to be available to actively manage this trade. I wanted to get out at breakeven and was able to do that. However,…
- It turned out my stop loss would not have been hit and my limit sell (take profit) would have. It was good for around 25 pips.