Reasons for entry: - Possible 1hr H&S pattern - Price has rejected 0.7150 - Price is stagnating and showing a loss of momentum - Possible weak Eveningstar candlestick formation on the 1hr timeframe
Entry Timeframe: - 15 min bearish engulfing - @0.7140
good analysis but i think your stop loss should be wider!
SyndicateFX
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@newworker, Thank you, I personally prefer having a tight SL so that if I’ve entered a trade too early I can re-enter it again later with better Risk/Reward and without risking too much or allowing my emotions to get involved.