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Tuesday, September 15, 2015

2015 09 16 - 1H chat resistance break out

This morning i had a chance to spot a really good opportunity to jump in. It was a bit risky because none knows if market can change direction or not but i used opportunity. Please see below what's happened.

In 1H chart i have marked a few lines: support and resistance. I noticed that it is potential for price going up and soon it should break out so i placed BUY order at the resistance line with idea to close my trade nearly second resistance line.


After aprox 15 minutes EUR/USD price started to move forward in expected way. Happy, took my profit.



Mistake: i could wait a bit longer, however emotions took a place and i was happy to walk a way with smaller profit. Next time i will try to wait a bit longer.



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