Our secret emas have previously crossed, see red cross, giving us a quick 1:1 winner previously, did'nt manage targets 2
We have now tested previous support and resistance levels as highlighted by our arrows and white line
A bearish flag has formed
Our entry criteria has been met
Upper bollinger band pierce which happens to be the second time with a 3 bar reversal.
Stops
5 pips above the high
Targets
1 = 1:1 81.397
2 = 1:3 80.827 (big push through daily support here as outlined via red box
Markets are obviously closed for now, we took the entry yesterday evening
We have now tested previous support and resistance levels as highlighted by our arrows and white line
A bearish flag has formed
Our entry criteria has been met
Upper bollinger band pierce which happens to be the second time with a 3 bar reversal.
Stops
5 pips above the high
Targets
1 = 1:1 81.397
2 = 1:3 80.827 (big push through daily support here as outlined via red box
Markets are obviously closed for now, we took the entry yesterday evening
Comment:
Couldn't have waited for anymore confluence for a good opportunity, onto the next