Previous trend line broken, currently being re-tested, ie, previous support turns to resistance, lets see... Two targets to aim for, once target 1 hit, stops to break even & ride the wave.
My Stop loss is huge, but playing it safe as seeing a huge drop in this pair coming in the near future, still, with my current setup, your looking at RR 6:1.
For the perfect entry, wait for a red/bearish momentum candle & enter. For the more aggressive trader, go for it now lol Good luck :)
My Stop loss is huge, but playing it safe as seeing a huge drop in this pair coming in the near future, still, with my current setup, your looking at RR 6:1.
For the perfect entry, wait for a red/bearish momentum candle & enter. For the more aggressive trader, go for it now lol Good luck :)
Comment:
If the week plays out like I think then this will be a nice trade.