Long Position Winner


This trade was taken last session. Price had been falling for the last several hours but the overall trend was still up. The oversold condition on the RSI(14) had nearly touched 30 on the 5-min chart, but was past 30 on the 15-min chart. When the doji showed up, it was time to take action by entering into a long position at 163.72. Price never went into the negative. The trade was closed at 164.22 for +50 pips. I wish they were all this easy.

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