Background:
- Multiple bearish reversal candle testing 0.77 resistance area with bearish divergence
Entry:
- Sell Stop at 20pips below signal candle on 28 Feb 2017 @ 0.7642
- In this point of writing, trade has been triggered and in the money with 65pips
SL:
- Set 20pips above the signal candle @ 0.7722
TP:
- Set at bottom of the previous rectangular consolidation @ 0.7525
- Multiple bearish reversal candle testing 0.77 resistance area with bearish divergence
Entry:
- Sell Stop at 20pips below signal candle on 28 Feb 2017 @ 0.7642
- In this point of writing, trade has been triggered and in the money with 65pips
SL:
- Set 20pips above the signal candle @ 0.7722
TP:
- Set at bottom of the previous rectangular consolidation @ 0.7525
Trade closed: target reached:
Updates - 11 March 2017:
- The week has been trading bearishly after the signal candle reacting from the 0.77 resistance area
- Target reached with 120 pips profit
- The price is now testing the 0.75 support, i might long at this area if a 2nd bullish signal show itself at this area
- The week has been trading bearishly after the signal candle reacting from the 0.77 resistance area
- Target reached with 120 pips profit
- The price is now testing the 0.75 support, i might long at this area if a 2nd bullish signal show itself at this area