Market structure: Uptrend, price at all times high
Setup: False Break/ Retest previous resistance turn support
False Break candlestick pattern: Hammer / Bullish engulfing
To look for trading opportunities when price retest previous resistance turn support at around 93.30 area.
Stop loss: 1 ATR below swing low
Take profit: trailing stop loss
Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.
Setup: False Break/ Retest previous resistance turn support
False Break candlestick pattern: Hammer / Bullish engulfing
To look for trading opportunities when price retest previous resistance turn support at around 93.30 area.
Stop loss: 1 ATR below swing low
Take profit: trailing stop loss
Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.
Comment:
price hit stop loss
Trade closed: stop reached