Mira wrote:NOT asking any financial advice since I already am in this trade, what worries me most is that I’m holding for the weekend and a gap could kill me
Guys, if you CAN and if it DOESN'T offend you, could you tell me if you think that I made a mistake trying to reverse the failed long as in the picture? (Don’t worry if you can’t, I can accept a “NO” , this is just for a learning purpose). Trading reversals is still a for me..
Thanks
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Hi Mira. I can see why you would do that (it's at what I call an interesting level) - but for me, the level you're at wouldn't have been strong enough for me personally to consider taking a reversal there (yet).
I would have been Long from 6.0195 (18:30 23rd Mar) and wouldn't be looking at getting out (or reversing) till the zone between 6.0324 and 6.0372...
However, that's still a long way to go in one push, so it's possible - entirely probable in fact - that unless it's news driven, there could be a small reversal back to between 6.0257 and 6.0246 or so.