GER30 SHORT GOOD RISK TO REWARD

12 Feb

1.All timeframes are overbought
2. This has a previous days high and it constantly getting resisted at this level
3. There is a pattern on H1
4. Against the trend but there is a lot of divergence and consolidation
5. If this is unable to break the H1 trendline must get out immediately
6. 60 pip stop loss

13 Feb

Dagangan ditutup: sasaran tercapai

This was an awesome trade. Took the trade at the perfect level and could have done better to exit.

It is important to always note the exit point when getting into the trade. For this trade, the exit was at the high of the previous week. This would have given maximum profit. This also meant that you need to switch to BE at this point of time as M15 is oversold.