Market structure: Downtrend, Short bias
Setup: Trend continuation
Trend continuation candlestick pattern: Bear flag, tight consolidation
Entry: notice there a tight consolidation around 1.04360 and price support by 20MA
Stop loss: 1 ATR stop loss at swing swing high 1.05420
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: Trend continuation
Trend continuation candlestick pattern: Bear flag, tight consolidation
Entry: notice there a tight consolidation around 1.04360 and price support by 20MA
Stop loss: 1 ATR stop loss at swing swing high 1.05420
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
Always trade with the Trend, Trend is your friend until it bend
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Always trade with the Trend, Trend is your friend until it bend
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.