The action passed through the old support circa 1300 but it now looks like we could possibly see a reversal to at least test this break......perhaps to 1250-1350 zone. There is a white turnaround bar on the 3 Line Break.......so may be a little trade available. Also check out the large BF from early 2005 giving a potential reversal point within the blue box 1128-1272.
Early days, but maybe something in the wind..........if/when that BF really starts heading north a decent move could be on the cards.
A scalp for today. First forex trade with real money, unfortunately I buggered the stop and ended up buying back 10x what I sold :mad::mad:. Lost a fair bit in the end:o.
Disclaimer: Do not take my posts seriously. They are only opinions.
saw this descending triangle formation looking like it was going to break so am having a go with it , one entry before the break and one limit set to go with it
so far it continues to confirm
well it offered 40 pipis pretty quick but I wanted 50 , so in the end it retraces back to even and being a big trade I wont let it go bad, so closed for zip.
but it was a good trade idea, dont regret trying it.
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