UJ DEMO 10/24/2019 (1)
Updated
Bearish SFP at the second time back with MACD Divergence across the highs. Aiming for the Daily level but I've got an alert at the hourly and will close if price action shows up.
Note
The Hammer almost shook me out, I've moved my stop a number of times to the thrust candle, then back to break even so as to not get shaken out of this chop. The Hammer printed, its tail has been undone and I got pretty close to target. Then we got a shooting star, whose tail has also been undone. Lets see what this next candle gives us. I try not to give patterns too much importance during times of high volatility/indecision such as the one we are currently witnessing.Note
I've tweaked the daily level and profit target to 108.477.Note
Cut out of the trade with negligible profit. Idea was great, profit target was a few pips short. Next time I’ll fine tune the target level to be cleaner on the timeframe I’ve identified the bias on. The .5 fib was the optimal exit here.Note
I had updated the Fib Levels to anchor to the latest swing high when I last commented, this is not depicted in the post.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.