eurusd might gives an opportunity with a bearish 2618.
After eurusd made a DT (double top) and break structure to the downside passing the "valley", it retraced to Fib618 entering the potential reversal zone. Well at this point, it is close to be a short opportunity BUT in my case the SL is too wide for the maximum allowed, so, I need to wait for market to either go up to reduce my SL or make another DT on lower time frame (LTF) h1.
As always, comments are welcome ---------------------------------------------
"Build a plan, follow it consistently"
Regards
Rafael
Trade active
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There is also a bearish bat together with this opportunity
In case this was traded as a 2618, trade is active
Hi,
I just open sell and set the target to 1.19487 is it right???
rafo05
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Hi @SheharyarAwan, what I have learned is that trader must have a set of rules how to play the trades (Trading Plan). I don't know if you are asking me "is it right?" on regards your entry or target. If you are allowed by your Trading Plan for such StopLoss you set, Reward-Risk and Target, my answer is "yes, it is right"
If I misunderstood your question, feel free to rephrase it.
I just open sell and set the target to 1.19487 is it right???