Use Proper Risk Management
Steady leg formed below trend support - false breakout or possibly a two-legged breakout
bulls exhausted as they tried to pushed above implied key level to keep momentum but failed
Expecting big bear candles to around the previous support where bulls held
Then retest to the breakout of the local descending triangle where bulls are expected to take profit
Short from there on
EUR/USD
Sell Limit @ 1.18085
TP1 @ 1.17078
TP2 @ 1.15953
SL @ 1.18516
Steady leg formed below trend support - false breakout or possibly a two-legged breakout
bulls exhausted as they tried to pushed above implied key level to keep momentum but failed
Expecting big bear candles to around the previous support where bulls held
Then retest to the breakout of the local descending triangle where bulls are expected to take profit
Short from there on
EUR/USD
Sell Limit @ 1.18085
TP1 @ 1.17078
TP2 @ 1.15953
SL @ 1.18516
Trade closed: stop reached:
Good plan jus narrow window for price to naturally go down but TP hit