SHORT with BIAS as per price did retrace atleast the 38.20%
Short with a good 1:3 RR. I can go aggressively short this with stops above the visible head and shoulder or wait conservatively for a break of the lower trendline. A bearish pattern completion which is a bear cypher is already completed. Trade wisely.
PS: We got stop out by our previous trade on the bear bat here on this market as price went retrace much higher. If bat was taken it won't retrace atleast in the 38.20 but as you can see it did retrace above the 38.20% giving as a valid bullish pattern in the near future. An opportunity for us to go LONG depending on future market price sentiment.
PS: We got stop out by our previous trade on the bear bat here on this market as price went retrace much higher. If bat was taken it won't retrace atleast in the 38.20 but as you can see it did retrace above the 38.20% giving as a valid bullish pattern in the near future. An opportunity for us to go LONG depending on future market price sentiment.
Comment:
A breakout.
Trade closed: target reached:
If you have taken the short setup. TP 1 and TP 2 was attained before went comeback to our entry price.