Hello Ezmai, I think you well know by now(read first posts of this thread) that short term signals main rule is you do not enter the market if market price came close to our signal entry price but did not hit it directly instead tried it at second atempt.
As you realized market price had hit 1.5631/31 then bounced directly around 10-15 pips before going to 1.5623/24 and doing the same then was kept for sometime at that area before targeting 1.5600/05 support buy so you had much time to exit at small gain or loss since this pair looked clearly as for āprice actionā movement that are cheer all traders to study well if they are willing for best decisions in terms of entries and exits.
Then at 1.5600/05 market price slept a lot but if I had a sell order would exit at that level, whie might breakeven or take small gain if bought since not preffered to leave open positions till coming market open new week( starting Monday), despite that sometimes market opened for pairs against the dollar around 50 pips upward but this would be as gambling and we do not play this game in forex despite that you might run winning sometimes but not our understanding & strategy in forex trading.
This pair had strong support at previous days at 1.5650/60 but it was seen clearly that after many tests it might breakout and remember what I said in previous post as reply to some of you that as thereās retracement or swing trading thereās also breakout trading, high and low. All that I had advice the trader who was previously consistent posting his results here and you must all have remember and took my many advice into consideration.
After market price had broke 1.5650 support then you must had quickly exit and joined the breakout strategy after market retest 1.5650 then continued downward so you enter as breakout at 1.5645/50 and exit at 1.5600/05
You must never hold on a clear loosing trade especially that my signals and analysis are very clear, if break retracement itās going to our short term sell or buy signals or sometimes some certain mentioned price level, so you trade with fast thinking and applying and youāll never be caught at big loss but small one from time to time when market do not move as expected or even as my very accurate analysis say. There are always āifsā, if broke this level would target the other, for example if broke 1.5600/05 was going to target 1.5550/60 but lack of time as it was end of hours of friday, the next near target was 1.5585, it made some additional maybe also spread move of 5 pips toward 1.5580. But no need to milk pips till end, good exit for a sell order was 1.5600/05
Merry Christmas
