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Alexander_Nikitin
Jan 10, 2018 8:36 AM

eurusd.1H.bat. Short

Euro Fx/U.S. DollarFXCM

Description

Identification: price installed a downtrend showing NSLs and LHs. Now it pulls back to the primary trendline after the acceleration phase.
Prediction: Typically, it consolidates a bit and then the trend continues.
Decision: Wait until the pulback ends and execute the bear bat advanced formation entry technique. Stops should go 1ATR above the most recent LH. Targets - retest of the A-point.
Execution: This field is empty for now. I will update the idea if the trade triggers.

Trade closed: stop reached

hit stop. exited with a small loss
Comments
dzynr64
Great explanation! Thank you.
Alexander_Nikitin
@dzynr64, thanks.
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