This is a counter-trend trade setup. However, the risk to reward ratio isn't the best, at the 2nd target it does not produce 2 times of the reward to the initial risk. Something for you to consider. If you love to receive this kind of trade-ideas on a more regular basis, just join our inner-circle group. If you love this analysis, share this with your friends...
A bullish Shark has formed up I will go long once market open, my Initial Stops and Target as listed. If you like to have better reward:risk you have to wait for the price retrace back to point D to engage the trade, significant adjustment, the disadvantage is that you may miss the trade. If you wish to receive should trade-ideas in a more regular basis, join...
I will need to see a candle confirmation at the formation of this bearish butterfly. Although we are trading in the sell zone, we are in a counter-trend trade. Confirmation of Entry, Stops and Targets will be sent to my inner-circle
What a nice completion at 134.00, will you be taking that? Will that be a miss? Will be sharing the exact move and plans on this with my inner-circle