Thursday's trading started off with slight negative divergence on the 1hour chart. Price then bounced off the 1.4968 Resistance line and started heading south.
There was a good opportunity to go Short around 12:15pm when price breached the 1.4902 Support line. Interestingly, I had an intending student in my office at the time and I called the trade even before it happened.
Entry was at 1.4901 and the first position was closed at 1.4880 for a profit of 21pips. The second position was closed at 1.4880 around 1:15pm for another 21pips.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment