using the ichimoku strategy we can see that price entered the cloud and is leaning bearish we got a dump last friday , another one yesterday, we retested the same levels 1.23 and got rejected again and again. My plan is to short 2 lots from 1.2270 and 1.2280 what i did yesterday. As i'm publishing now after the fact the optimum entry is the daily pivot at 1.22665.
You can put the stoploss at 20pips away. Meaning you lose 400 usd if stopped out and win around 1500 if the plan works out.
manage it properly don't short late when you see price around 1.22450 as the market will chop hard to shakeoof late shroters.
Good trading and happy new year
You can put the stoploss at 20pips away. Meaning you lose 400 usd if stopped out and win around 1500 if the plan works out.
manage it properly don't short late when you see price around 1.22450 as the market will chop hard to shakeoof late shroters.
Good trading and happy new year
Comment:
wait before entering now as price has broken above the 15 min ichi cloud not necessary to hold a short as most probably the next 30min will pump
Trade active:
You can take the short opportunity now as the market gave a higher entry point at 1.2280 to 1.27777 around those areas
Order cancelled:
we don't have enough momentum to stay short with confidence
Comment:
WE NOW HAVE A GOOD MOMENTUM TO ENTER SHORT
Comment:
price is at 1.22666 again and really bearish this time
Trade active
Trade closed: stop reached:
this trade stoplossed and is no longer valid as bulls managed to break and stay above 1.223 area