Counter-Trend trade
Oscillating down-trend market
+3 true S/R touches
MACD divergence
Phase: Pullback
Market deceleration
Bullish candlestick formation
Bullfag on H1 timeframe
More than 1:1 win ratio (TP based on 50 EMA resistance). Since the 50 EMA is a Exponential MOVING average , you have to update your TP every day. Check my setup updates !
IF THE ENTRY ORDER HASN'T TRIGGERED UNTIL THE NEW DAILY CANDLE OCCURS, REMOVE THE ORDER !
Oscillating down-trend market
+3 true S/R touches
MACD divergence
Phase: Pullback
Market deceleration
Bullish candlestick formation
Bullfag on H1 timeframe
More than 1:1 win ratio (TP based on 50 EMA resistance). Since the 50 EMA is a Exponential MOVING average , you have to update your TP every day. Check my setup updates !
IF THE ENTRY ORDER HASN'T TRIGGERED UNTIL THE NEW DAILY CANDLE OCCURS, REMOVE THE ORDER !
Comment:
Keep the order for one more day but update the entry point to 0.77752.
Comment:
Update your tp to 0.78408
Trade closed: target reached