EJ BULLISH MOVE EXPLAINED +60 PIPS
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Hey Rich Friends,
I set a buy limit for EJ last night and it triggered and hit TP 2.
The key to any strategy is to trade what you see, not what you want. We are retail traders, not market makers, please listen to your indicators.
The main reason why I decided to take a risk on this buy is that although the market was moving sideways, the candles were still consolidating above the EMAs. This is usually a strong bullish confirmation for me.
I did not have a positive MOM, however, all bullish conditions were met on the STOCH so I felt confident to take this trade. TP 3 is pending and may hit or the bullish trend could be over for now and can be a quick short.
- Peace and Profits
I set a buy limit for EJ last night and it triggered and hit TP 2.
The key to any strategy is to trade what you see, not what you want. We are retail traders, not market makers, please listen to your indicators.
The main reason why I decided to take a risk on this buy is that although the market was moving sideways, the candles were still consolidating above the EMAs. This is usually a strong bullish confirmation for me.
I did not have a positive MOM, however, all bullish conditions were met on the STOCH so I felt confident to take this trade. TP 3 is pending and may hit or the bullish trend could be over for now and can be a quick short.
- Peace and Profits
Note
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