I was looking at this pair yesterday, but it had pulled back and by the end of the day had pulled back far enough that I didn’t like where my stop would be. When I did my RSW this morning, this still looked like a good pair to trade, and on the 15 min. chart, it was in a decent high base and near it’s high (which was above yesterday’s high — it pushed through sometime last night).
Since this is the second day in a row I looked at this pair, I set entry signals even though the high base isn’t the prettiest in the world.
Entry – 2.10275
Didn’t take long at all, my entry triggered pretty quickly after setting my order. Now I wait.
| Entry Order Level |
|---|
| 2.10275 |
| Stop Loss Level |
| 2.09175 |
| Target Level |
| 2.15 |
Exit – 2.09117
Similar to what happened with AUD/CAD on Monday, this just began dropping, all within a minute and stopped me out. This looks like a more sustained reversal than CAD’s was, but still. Not a great start to the month, but no sense in getting discouraged, that happens. Just keep working!
