if it hits the entry the possibility is around 400 pips of reward.
is also showing great harmonics.
The stops should go above X and that's a large amount for me, so
I'll be looking for the candles to provide a good entry with lower risk.
The possibility of re entry is also available.
We'll know soon enough !
And, once again, I lucked out. Being away the charts at 1900GMT and with the candles
showing more of a collapse than a drift. I did not place a limit order. Had I been watching
charts and seen the 2000 gmt candle - that would have been the perfect set up for a buy
with stops just below the candlestick low. Lucky with one, unlucky with the other, I guess.
Looking for a place to sell into a trend continuation lower. Not sure where yet.