$24.50 usd profit  started trading 8.06 stopped 13.09 est

Price had very slow movement overnight, ranging at resistance level (a very strong resistance level) that we can see more clear with daily chart.




At US session start the price continued extremely calm, without movement so i tought the market was waiting for the Fed's speech.




Then the price tested resistance US session price level and i decided to enable the grid in the up direction.


Made some profit, then price tested for second time (double top) the strong relevant price level from previous days and decided to hold the up grid direction.



Then price reversed with a strong down swing and as i did not closed the grid at a loss i saw the price paused in a small range for several minutes, then another down swing with a float loss of 1.3k when the price returned to the up direction and thanks to the grid i was able to exit at break even.



Today i had a couple of good lessons:

first, i can't trade at resistance level in the up direction, only when a failure break happens (this is, the price breaks the level and shifts to support).
second, keep loses short, is true the grid helps to recover on a retrace but if the market never makes a retrace i will end with a big loss.


Have a great day!
AG

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