*Price is in the steady downtrend in bigger timeframe *Breakdown the trend line Downtrend may continue
Sell now
SL: 129.75 TP: 126.65
RR Ratio 3.3:1
HOW TO TRADE: 1) Wait for the price to pullback to the structure 2) Watch the price action in the buying/selling zone, if the price shows a signal/rejection in the structure enter the trade. 3) Adjust stop loss to break even when the price already runs 1:1 RR ratio in our favor.
(Note: Do not enter the trade if the price do not come to the buying/selling zone).
This trade is using trend following strategy, Loss small, Win BIG.
Remember to always follow these rules: (1) Cut losses. (2) Ride winners. (3) Keep bets small. (4) Follow the rules without question. (5) Know when to break the rules.
You can always take your profit based on your own trading style. It's your call.
Good luck.[/b]
Trade active
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Nice fall
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What a nice drop. Adjust SL to breakeven. RIsk free trade now. Remember: you can close the position based on your strategy. It's your call. Manage your trade.
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Please take some profit here and let the rest run.
Nice idea on EURJPY and there may be bearish bias as you have identified. For our set up, we have identified the key resistance and support levels. The resistance that we have identified is at 130.00. It is a horizontal swing high resistance, with 61.8% Fibonacci extension and 50% Fibonacci retracement. Stochastic reversed off its resistance where a corresponding drop could occur. If a drop does occur, we may want to look at the 127.88 support level, which is mid way your take profit zone. It is a horizontal swing low support, with 61.8% Fibonacci extension , 76.4% Fibonacci retracement. Looking forward to seeing how things develop.
Please have a look at our idea and share with us what you think.
Please have a look at our idea and share with us what you think.