We broke tenkan on 11 November,went back to test it with rejection which is good. So we are now headed for the next price magnet which is the daily Kijun. The lagging is free to move down with no obstacles.
Entry: 2.582
SL: 2.645
TP: 2.483
Risk management is all there is to it. Live to trade another day!
Entry: 2.582
SL: 2.645
TP: 2.483
Risk management is all there is to it. Live to trade another day!
Trade closed: stop reached
Trade active:
I would reenter and put my stop loss at around 2.702. The premise of the trade is still valid our Friday close failed to break through the 2.616 area so we take that as aour resistance zone for a short. The target remains the same