dojitrader
Short

A-B-C Plus A Bat Plus Resistance = Defined Risk

FX:GBPCAD   British Pound / Canadian Dollar
61 views
2
Defined risk keeps you in the game,
which is why I like this trend continuation set up.
Only about 40 pips. Maybe 50 pips as this is such
an obvious set up should we bet the market tries
to push past the limits ?
Unless, of course, my idea is wrong ?
Naw, couldn't be, could it ?

Comments

As suspected price action has blasted through the suggested
entry and stops. The candlesticks, hourly, has posted a doji
that is almost a grave stone, but, I still think we need to see one
last new high with RSI divergence before a short is advisable.
Reply
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