What i see coming up.
Its a continuation of the sell momentum.
The market has had it for the past few days.
Right now the market is in a correction and what I'm seeing is the market could break to the downside and continue with the sell momentum.
This is how i would enter?
1:Since it might move to the upside to confirm the third touch on resistance trendline, i will place a sell limit on the resistance trendline.
2: Since i think that market might break below the range and continue with the momentum. I would place a sell stop below the range if not a few pips below.
Tp is indicated on the idea.
Please use proper risk management
Please share your thoughts on this post
Its a continuation of the sell momentum.
The market has had it for the past few days.
Right now the market is in a correction and what I'm seeing is the market could break to the downside and continue with the sell momentum.
This is how i would enter?
1:Since it might move to the upside to confirm the third touch on resistance trendline, i will place a sell limit on the resistance trendline.
2: Since i think that market might break below the range and continue with the momentum. I would place a sell stop below the range if not a few pips below.
Tp is indicated on the idea.
Please use proper risk management
Please share your thoughts on this post