I had do a live trade for this and loss for this trade.
the reason i fail in this trade, the market structure is in descending triangle and fail to break out its trend line. After that, there is a big dump going. My actual SL is 0.7405. But i SL at 0.82 after seeing there is a bearish candle stick.
Okay, good try.
The market structure is a downtrend.
Zone out and check, the it is a descending triangle. ( from the big picture )
So the marjor trading setup for this pattern is , break the support then we place a short position.
However, price is slightly broking the trendline resistance.
The signal might not be so strong to proof as a downtrend.
We can talk about this in our next call. Remind me this yeah.
duckranger
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@TrinityCommunity-Casper, ok noted !!!!
duckranger
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My entry price is at 0.839. That price is where he going to break the trendline. but i was too early to make the assumption on this trade.