The USDCHF chart featured in yesterday’s post – an introductory post of sorts – I screen-snapped soon after my price target (green tag) was hit. (I was quite chuffed by it!)
Continue reading for a larger chart
The August 10 candle still had room to move during the day, and as you can see it kept going up to test a resistance level before plummeting back to close lower and form what looks, to my inexperienced eye, like a pin bar. (I’ve set another demo trade to short this pair, but that will be the subject of another post when the result is in.)
I wasn’t particularly confident with this set up going in and thus I probably should not have gone for it. Thankfully, for the virtual balance in my demo account, it turned out okay.
So what was I thinking?
Continue reading “Forex Beginner’s Luck: Dodgy Rationale Pays Off”
