This looks like a inverse head and shoulder pattern, we could see more upside to 1907 (our target) which was measured from the distance between the shoulders or ' channel ' before the price broke down to form the head.
Two possible entries:
1. 1885
2. 1896
Set your own stoplosses. Use your own risk management. However, I'd like you to kindly note:
You can enter a little later on the top position, making sure it is a clear break before you enter to give you a little more confidence. You don't need to ' RUSH ' into your positions.
Be safe.
I will make a comment later on in this idea
Two possible entries:
1. 1885
2. 1896
Set your own stoplosses. Use your own risk management. However, I'd like you to kindly note:
You can enter a little later on the top position, making sure it is a clear break before you enter to give you a little more confidence. You don't need to ' RUSH ' into your positions.
Be safe.
I will make a comment later on in this idea
Trade active
Trade active:
Trade Actions:
Move your Stop Loss 50 to 100 pips in front of entry.
Move your TP to 1899
Move your Stop Loss 50 to 100 pips in front of entry.
Move your TP to 1899
Trade active:
Trade Actions:
Hold position, move your stop if needed.
Hold position, move your stop if needed.
Trade closed manually:
Banking Profit. Closing Trades.
Will re-enter when we find an appropriate price.
Will re-enter when we find an appropriate price.
Once you are in profit in ANY position, make sure you move your stoploss to entry OR just above it to secure any profit incase of a market redirection.