1736 views
Update: Target reached without entry, so i cancelled short for now..
---------------------------------------------------------------------------------------------------------------------------------
A potential short trade on multiple resistance levels:
-50-days SMA
-Main descending resistance for the bearish wave
-A cluster of horizontal resistance levels, more clear on the daily chart
Trade Safe, and Best of Luck , join me at https://twitter.com/thefxchannel
Also at my Facebook page http://www.thefxchannel.com
My best regards,
Technician
==================================================================
Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is then moved to break-even
4. Second unit would be closed at second target
5. Note that If 90 percent of first target is reached without triggering entry, trade is cancelled
6. Remember: Losing is a main part of the game
---------------------------------------------------------------------------------------------------------------------------------
A potential short trade on multiple resistance levels:
-50-days SMA
-Main descending resistance for the bearish wave
-A cluster of horizontal resistance levels, more clear on the daily chart
Trade Safe, and Best of Luck , join me at https://twitter.com/thefxchannel
Also at my Facebook page http://www.thefxchannel.com
My best regards,
Technician
==================================================================
Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is then moved to break-even
4. Second unit would be closed at second target
5. Note that If 90 percent of first target is reached without triggering entry, trade is cancelled
6. Remember: Losing is a main part of the game
For More Trade Setups : https://theforexchannel.com/forex-trade-setups
WaqarKhan
Do You Offer Course, if someone is interested in learning
Reply
HamedAghajani
Hi Luay. I think that another short opportunity might be developing on this pair.
Reply
Technician
HamedAghajani
Honestly i dont see a sell signal yet... So I am not short
+1
Reply
VelsonChew
I cancel the trade because first target is hit without triggering entry.
Reply
Technician
VelsonChew
Yep i cancelled too. But i will monitor now if i see rejection i might re-enter
Reply
VelsonChew
Technician
What kind of rejection will make to u entry?
Reply
Technician
VelsonChew
I will see, its discretionary. I will update here if i shorted
+1
Reply
NickLee
Technician
are you going to re-enter based on the price now
Reply
Technician
NickLee
No
Reply
Andrei Serdiuk
Is it finish right now? Or wait for first target and then for second? How do you think?
Reply
