Anyway, when price retraced, it based above a demand zone created by the previous price action, so took a long there with SL just below the recent swing low. 32 tick target just below a supply zone achieved.
++18_12_2013_Trade3.png)
++18_12_2013_Trade3_update.png)
++18_12_2013_Trade3_Close.png)
++18_12_2013_Up+bar+engulfing+another+up+bar.png)
Wednesday 18 December 2013
2nd CL trade
I took another trade today. Another long. This was after seeing what looked like exhaustion, and limit buy orders coming in. There was 2 sets of basing with impulsive breakout to the up side. Price reversed down from a sweet spot between 2 climax bars. I was actually looking to take a short there, but missed it.
Anyway, when price retraced, it based above a demand zone created by the previous price action, so took a long there with SL just below the recent swing low. 32 tick target just below a supply zone achieved.
++18_12_2013_Trade3.png)
++18_12_2013_Trade3_update.png)
++18_12_2013_Trade3_Close.png)
++18_12_2013_Up+bar+engulfing+another+up+bar.png)
Anyway, when price retraced, it based above a demand zone created by the previous price action, so took a long there with SL just below the recent swing low. 32 tick target just below a supply zone achieved.
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