Based on my system RSI levels, I saw candlestick reversal pattern, however the RSI had reached 50 on 1hr chart. I took this trade at RSI 50 since we are in bullish trend at 50% of the bull candle (1.5887 + 2 pips spread)
I put the stop loss at 1.5839 i.e 50 pips. I think, I have to work out on the stop loss numbers... I might not need to stick to 50 pips SL.
However, this trade ended in stopped out for 50 pips loss.
Since RSI has entered into 30s, I will look for reversal pattern and take one more shot at long...
I put the stop loss at 1.5839 i.e 50 pips. I think, I have to work out on the stop loss numbers... I might not need to stick to 50 pips SL.
However, this trade ended in stopped out for 50 pips loss.
Since RSI has entered into 30s, I will look for reversal pattern and take one more shot at long...
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