EURUSD has just completed a BAT on the daily and I am looking for places to enter short on the 60m. I will enter at the .618 retracement of
the last down leg first as it has just made lower low. If I am stopped out on that entry I will probable re-enter using the Cypher.
With the daily BAT in play and a nice topping pattern forming I will remain on the short side until the highest high is taken out and would have to
rethink things. The BAT on the 60m chart would provide and extended target.
the last down leg first as it has just made lower low. If I am stopped out on that entry I will probable re-enter using the Cypher.
With the daily BAT in play and a nice topping pattern forming I will remain on the short side until the highest high is taken out and would have to
rethink things. The BAT on the 60m chart would provide and extended target.
Comment:
Dropped like a rock so all three options are invalid.
I will now enter on a retest of the flag.
I will now enter on a retest of the flag.
Trade closed: stop reached:
Not playing friendly. Will continue to look for shorts unless it breaks 1.1268
touch of the flag hoping for a breakout to the down side. Good R/R
here. If it doesn't work I will have two more chances to get in.