I had one very nice counter trend trade in really small amount 11 days ago. I quickly closed that short (within 1 day) as I was not sure if the pattern repeats, and as even Tenkan Sen was still well below Price. It was a rght decision, as Price popped up again, and we had a bullish Heikin Ashi candle, and a spike back above 3,10.
Between 3,0850 - 3,10 I was hesitating again wether I should have sold or not. As I was not sure, I rather waited for two more days. These two days ended in neutral Heikin Ashi candles, with haDelta/SMA3 bearish bias. After all today, with higher confidence and probability I sold EURTRY again.
Stop is 3,11, first pull back tgt is 2,99, second tgt is 2,9575.
Position size should not be bigger than 0,5 trade unit as the trend is still up, and volatility (ATR) is very high!
Always know your risk!!!
Between 3,0850 - 3,10 I was hesitating again wether I should have sold or not. As I was not sure, I rather waited for two more days. These two days ended in neutral Heikin Ashi candles, with haDelta/SMA3 bearish bias. After all today, with higher confidence and probability I sold EURTRY again.
Stop is 3,11, first pull back tgt is 2,99, second tgt is 2,9575.
Position size should not be bigger than 0,5 trade unit as the trend is still up, and volatility (ATR) is very high!
Always know your risk!!!
