The pattern has completed, however I would like to wait for a rejection candle before I go short.
The momentum indicator on the higher timeframe seems to point higher, hence the reason to wait for confirmation
The momentum indicator on the higher timeframe seems to point higher, hence the reason to wait for confirmation
Trade active:
Took a trade earlier, price moved towards TP1 @134.96 but didn't take profit as I thought that it would move much further. Price came back to break even and I was out of the trade.
Now just re-established my short positions again. Stops above the recent highs only
Now just re-established my short positions again. Stops above the recent highs only
Trade closed manually:
Took partial profits (+20pips) and the remaining closed at break even. This pair might need a little more time to fall. Similar bearish pattern on CADJPY too.
