Of course, it is not because we are willing to buy @ a lower price, so that means it is time to sell.
Now for those who like to scalp, you can notice that the H4 RSI is already oversold, so the market may retrace to 0.7009 (which is the Thursday 19th low) and then drop toward our demand zone.
1- If you are willing to sell the market Sell @ 0.7009, The stop would be @ 0.7045 (-36 pips) which is just above the previous high. The take profit around 0.6910 (+ 99 pips) or when you are happy
2- If the market opens with "No gap", Buy @ 0.6960, Stop loss @ 0.6940 (-20 pips), Take profit @ 0.7000 (+ 40 pips)
Komentar
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The market is 55 pips away from our entry long! Patience :)
Trade aktif
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Trade is now + 33 pips. Place your stoploss @ break even when the market opens.