Since price is hovering at the top of the bento box I'm thinking of looking for a buy more than looking for a short. However, I think it's important to note that the market can go to the downside and show us its ready to head down.
The biggest thing I'm looking for is avoiding the monday fakeouts , as I have noticed that fakeouts occur more on mondays than any other days with the Bento Box.
RRR= 1:3
Goodluck traders
The biggest thing I'm looking for is avoiding the monday fakeouts , as I have noticed that fakeouts occur more on mondays than any other days with the Bento Box.
RRR= 1:3
Goodluck traders
Trade closed: target reached:
I thought the initial breakout would just be a fakeout. However, I saw a rejection and engulfing bar at the high of the bento box and took a buy from there.
SL : 7 PIPS
TP: 21 PIPS
3% Gain
SL : 7 PIPS
TP: 21 PIPS
3% Gain