Market structure: DownTrend, Short Bias
Setup: False Break/ retest resistance
False Break candlestick pattern: Shooting star / Bearish engulfing
Entry: Short Bias, looking to enter when price retest previous support turn resistance around 0.66480 area
Stop loss: 1 ATR stop loss at swing high when retest resistance
Take profit: 2 point to look into for take profit, Swing low around 0.65060 and 0.64050 area depend on your trading plan
Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.
Setup: False Break/ retest resistance
False Break candlestick pattern: Shooting star / Bearish engulfing
Entry: Short Bias, looking to enter when price retest previous support turn resistance around 0.66480 area
Stop loss: 1 ATR stop loss at swing high when retest resistance
Take profit: 2 point to look into for take profit, Swing low around 0.65060 and 0.64050 area depend on your trading plan
Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.
Note
got into the trade at 0.66480Trade active
Trade closed: stop reached
Always trade with the Trend, Trend is your friend until it bend
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Always trade with the Trend, Trend is your friend until it bend
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.