This pair is not as violatile as the usual 3 pairs that I have been trading. Therefore I would not incur heavy losses if the trade turns against me, likewise the same for profits.
This particular trade is unique, as I relied on the indicators, and the convergence seen. However there was no wave pattern to indicates a buy signal. I decided to make an entry, partly due to the bear trends that had been going on with the other 3 pairs, with no valid wave patterns too.
Update (17:48) : Decided to close the trade off. Wiser to wait for the open of NY market.
No comments:
Post a Comment