Got in SHORT at 1.6368
TP 1 : 1.6269
TP 2 : 1.6234
SL invalidation LVL ~8 pips ( 1H TF is big to place SL**
**looking to get back in LONG from
get in : 1.6234 ~~1.6269
TP1 : 1.6365
TP2 : 1.6509
SL should NOT be bigger than 10 pips!
I love this kind of situation where the trend is about to continue. Here we are trying to predict the movements to get a good RR situation. I will use only short sentences to explain the situation but the graph talks about it self.
1 - We are already in the Sell-Zone ( we should go in asap )
2 - is the first resistance so the PA will bounce off a little.
3 - We will continue riding the Bear until Support 1 or 2 ( be very cautious to maximize profit. )
4 and 5 - at this point We are going for a long ride on the Bull until the resistance ( it will then retrace a little)
6 - will be confirmed when the PA will go above the Resistance and the previous Invalidation lvl!
I am practicing what I have learned for many months now. Your comments are much appreciated.
**SL should NOT and NEVER be beyond 10 pips! Wait for the right moment to get in !***
I am trying to be as much precise that I can.
**Use TradingView as a confirmation for your own strategy**
**Please study hard before placing your money on Forex**