I let my profits run to their targets and it paid off today for R 6.0. Today was almost as good as my entire "great" week last week!!! I realize the markets are volatile and trending nicely....hopefully I can spot these wonderful opportunities in the future.
I was stalking this Aussie trade on the daily timeframe. Friday printed a bearish engulfing candle bumping up on support @ 1.0400 area. The second yellow arrow is where I added to my position. I should have waited for a better entry on the add...but it worked. R 4.0 total was the final gain. The blue circles are buy (cover) limit orders.
Euro retraced and filled gap left by weekend. It produced 2 nice trendlines to play off of. The second trade where I added printed a 15 min reversal bar at second trendline. R 2.0 gain in total.
Log:
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