This time i will share my trade plan. I'm currently looking a good time to entering EURUSD sell trade. The Reason are:
- Making double top pattern. - Breaking out already from bigger pattern and forming smaller pattern. - Good Risk and Reward Ratio.
For the strategy i will be using Breakout strategy which is waiting for the smaller pattern to formed and make price breakout to the downside. target profit will be area slightly above 1.14000 and the stop loss will be above the double top pattern.
I also saw and opportunity of using double top 0.618 fib strategy, which is quite o.k but a little bit riskier than breakout strategy.
Anyway, Please feel free to use your own Entry and Exit strategy that is convenience for you. So Good Luck and Trade Wisely