1.Trend in play ? Yes we can see from the EMA ribbon phase 1 starting to open, we have gauged bearish trend
2. Entry ? We have a nice engulfing bear as entry with clean prior PA, better entry price currently good value to enter risk reward was not good enough on the engulfing entry
3.SL - 6824 above monthly pivot PP and non dynamic trend line
4. TP - 6639 Between monthly pivot S1 and S2 the pivots are tight this month but price has broken out of structure this suggests when it drops it will go beyond the S1 level
5.RR Around 2.0
6. Support factors - Break of prior longer term price structure this has now retested and offered entry in confirmed bear trend
7. Rating 6.5/10 When we have a phase 1 move we should always treat with more caution.
Dream pips !!
2. Entry ? We have a nice engulfing bear as entry with clean prior PA, better entry price currently good value to enter risk reward was not good enough on the engulfing entry
3.SL - 6824 above monthly pivot PP and non dynamic trend line
4. TP - 6639 Between monthly pivot S1 and S2 the pivots are tight this month but price has broken out of structure this suggests when it drops it will go beyond the S1 level
5.RR Around 2.0
6. Support factors - Break of prior longer term price structure this has now retested and offered entry in confirmed bear trend
7. Rating 6.5/10 When we have a phase 1 move we should always treat with more caution.
Dream pips !!
Trade active:
Nearly at take profit.
Dream pips
Dream pips
Trade closed: target reached:
Take profit hit nice and easy this one
Dream pips
Dream pips