Market structure: DownTrend, Short Bias
Setup: False Break/ retest resistance
False Break candlestick pattern: shooting star / Bearish engulfing
Entry: Long Bias, looking to enter when price retest previous support turn resistance around 1.42870 area
Stop loss: 1 ATR stop loss at swing high when retest resistance around
Take profit: will trail using 5 ATR stop Loss
Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.
Setup: False Break/ retest resistance
False Break candlestick pattern: shooting star / Bearish engulfing
Entry: Long Bias, looking to enter when price retest previous support turn resistance around 1.42870 area
Stop loss: 1 ATR stop loss at swing high when retest resistance around
Take profit: will trail using 5 ATR stop Loss
Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.
Trade active
Trade closed: stop reached