I got a short/sell trade opportunity coming right up on a potential APF (Bat) confluence to the daily S/R prior to a catalyst later tonight on the US Non-Farm Payroll. Could there be one? We will see as how will market improve and react later tonight. Trade setup as seen in the chart with at least 1:1 RRR entry to TP 1 and SL. Trade with care.
Abbreviations / Keywords:
LTF - Lower Time Frame HTF - Higher Time Frame TF - Time Frame TRS - Trend Reversal Strategy CRT - Counter-Retail Technique / Break-out APF - Advance Pattern Formation W4C - Waiting for Confirmation SL - Stop loss TP - Target Profit POR - Point of Ruin
Risk Disclaimer: This is not a trade signal hence we'll not be held responsible for any losses that will occur in your account during trading. You and you alone are responsible for deciding if you are comfortable accepting the potential risk involved in trading. So trade at your own risk and do not invest money you cannot afford to lose.
Comment
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Setup was not achieved as per expected before the catalyst last Friday, but nevertheless setup is still valid.