NZDUSD DEMO 10/30/2019

3 Bullish Engulfing patterns (jumping in on this last one) coming off a trendline that originates at the 0.5 FIB (Anchored from the swing low to swing high of the Daily move upwards). I noticed the intermediate one last night and figured it'd pullback. We didn't take out its low and we've printed this last engulfing here. All of this occurring on a Daily level.

Trade geschlossen: Stop wurde erreicht:

Should have checked currency correlation chart before opening. Also note more touches on a trend line does not make it stronger, the opposite is true. Will keep in mind next time

Kommentar:

Starting to look more like I puked the low cause of my stop beneath the intermediate engulfing low

Kommentar:

Definitely puked the low, good idea, poor stop isolation