A potential short setup to follow the bearish trend after a lower low and a rejection of the 20 day EMA.
1:1 risk/reward ratio trade with a 100 pip profit target set at 1.46700.
Stop loss set above the previous high at 1.48720.
Time target: 1-4 days
Risk management: 1-5% of trading account, potential hyper trade to lower low.
1:1 risk/reward ratio trade with a 100 pip profit target set at 1.46700.
Stop loss set above the previous high at 1.48720.
Time target: 1-4 days
Risk management: 1-5% of trading account, potential hyper trade to lower low.
Comment:
Trade complete. +100 pip profit, 2 days.
