- Overall down trend
- Came up to retest previous candle and did not break beyond the wick then candle close then sold (kind of a evening star pattern)
- Retesting the broken trend-line and also the initial fall was rejected off of yesterdays high
- Also looks like FTB to FTR like my previous trade
- And the move that caused the jump up from the previous candle is a third touch on the trend-line but I believe it's just an initial reaction for scalping trades which if price is to go down it just gives a better entry
- Came up to retest previous candle and did not break beyond the wick then candle close then sold (kind of a evening star pattern)
- Retesting the broken trend-line and also the initial fall was rejected off of yesterdays high
- Also looks like FTB to FTR like my previous trade
- And the move that caused the jump up from the previous candle is a third touch on the trend-line but I believe it's just an initial reaction for scalping trades which if price is to go down it just gives a better entry
Trade closed: target reached:
Took a while but it reached nicely!
Comment:
Actually it is FTB to broken FTR not FTB to FTR