Hi All
This trade triggered on a 50% retrace to day
Reasons For Trade Upward Trend on weekly bounces of key weekly S &R
Price originally bounced of Monthly R1 and off a key weekly 500 price zone see weekly chart
My entry was a bit later off a daily bullish eng followed by a gap down bullish reversal candle.
This bullish eng broke local res and bouncing above another key Sand R 516
Entry 528
Stop 515
This trade triggered on a 50% retrace to day
Reasons For Trade Upward Trend on weekly bounces of key weekly S &R
Price originally bounced of Monthly R1 and off a key weekly 500 price zone see weekly chart
My entry was a bit later off a daily bullish eng followed by a gap down bullish reversal candle.
This bullish eng broke local res and bouncing above another key Sand R 516
Entry 528
Stop 515