ZA Traders Chart

ZA trader posted a chart and comment see below.

“Another text book entry, this one gave an entry earlier today, but buying so high up(into 1.5) is just too risky for me…”



He is correct about not taking this pattern because of the context. it is hitting against a stong support area but also the momentum of the move has evaporated and is unlikely to thrust through resistance.  The context is not right for a trade.


Leave a Reply

Your email address will not be published.

Captcha * Time limit is exhausted. Please reload CAPTCHA.

This site uses Akismet to reduce spam. Learn how your comment data is processed.