The trendline i drew on the previous chart gave way hence i didnt enter but it fought back bouncing along the bottom trendline and produced a nice pinbar candle to take it back to above 21ma.
I didnt think it was safe to enter until the bull flag was broken though and i even missed the initial rise but waited for the pullback on one hour to horizontal support and the bullflag trendline which was broken. Order to enter was in at 16525 which was triggered which much in a nice area
Stop was originally 100pts but this has now been moved to 16493. The limit is a problem now as this has the potential to go to 17000. massive resistance there with 200ma too. I initially was looking for 16725 but the way it broke so quickly to the upside suggests there is potential to gain 4/5 times my risk. i shall monitor
No comments:
Post a Comment