Indeed, Peter. However, I only realised the pontential of such a trade setup after seeing the outcome. Personally, I would not dare to open new positions after strong 1st leg price movement. I had to rely on my expert advisor to pick up the short entry during the price consolidation phase.
2 comments:
Nice trade Lloyd. Good old Support turn resistance.
Nice :)
Indeed, Peter. However, I only realised the pontential of such a trade setup after seeing the outcome. Personally, I would not dare to open new positions after strong 1st leg price movement. I had to rely on my expert advisor to pick up the short entry during the price consolidation phase.
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