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RaynLim
Apr 2, 2023 12:08 AM

459pips or 89pips of profit, which will you choose?  Short

British Pound/U.S. DollarFXCM

Description

If you have to choose only one trading setup, it is understable you would be choose the 459pips setup. But as a thinking trader, we have to be aware of what kind of trading setup provides such trading opportunity. The 459pips is from a counter-trend trading opportunity on the daily chart(right). I'm looking to short at 1.2395 and exit at 1.1937, for that to happen a restest at 1.2395 is required.

On the flip side, Trend Traders could wait for a buying opportunity off the Bullish Bat Pattern on the 1-hourly chart(left), the entry price is at 1.2308, candlestick Pattern confirmation is required.

Which side would you choose? The Bear 🐻 or The Bull 🐮?
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