Market structure: Range, price at support
Setup: False Break/ retest support
False Break candlestick pattern: Hammer / Bullish engulfing
Notice a bullish bar ( bullish engulfing ) 3 bar before so i decided to go for a long setup.
Stop loss: 1 ATR stop loss at swing low around 1.25040
Take profit: Swing High around 1.27700 area
Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.
Setup: False Break/ retest support
False Break candlestick pattern: Hammer / Bullish engulfing
Notice a bullish bar ( bullish engulfing ) 3 bar before so i decided to go for a long setup.
Stop loss: 1 ATR stop loss at swing low around 1.25040
Take profit: Swing High around 1.27700 area
Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.
Comment:
price hit my stop loss
Trade closed: stop reached