Background:
- Bearish reversal candle + Fake breakout of inside candle formation at horizontal resistance @ 0.76 with bearish divergence
Entry:
- sell stop set at 15 pips below bearish reversal candle low @ 0.756
TP:
- Set near the 50MA support or half of the channel range
- Counter trend trade with recent strong oil momentum
SL:
- Set at 15pips above the bearish reversal candle high
Alert:
- Not good RR with 1.44
- Bearish reversal candle + Fake breakout of inside candle formation at horizontal resistance @ 0.76 with bearish divergence
Entry:
- sell stop set at 15 pips below bearish reversal candle low @ 0.756
TP:
- Set near the 50MA support or half of the channel range
- Counter trend trade with recent strong oil momentum
SL:
- Set at 15pips above the bearish reversal candle high
Alert:
- Not good RR with 1.44
Order cancelled:
Updates - 9 December 2016:
- Trade not triggered
- A bullish marobosu..... trade set up cancelled.
- Trade not triggered
- A bullish marobosu..... trade set up cancelled.
- No surprise from yesterday's BOC rate release, price continue to form a inside candle formation
- To hold on to this set up and make relevant adjustment depending on price action