Just as I've shared yesterday on a sideway bounce setup that I'm waiting for a shorting opportunity. The triggered candle(circled in yellow) will be the level I'm looking at to engage the trade.
Well, this trade is already live and we have hit our 1st target, shifting stops to entry and attained a risk-free trade. The trade was posted and shared to my community, check the link at the bottom.
Right now there are 2 things I'm waiting for, 1) Sit and wait for second target to hit
2) Retracement for either a type2 bearish bat trade or engage with new bearish setup.
Classic support and resistance that yield 45pips of profits if you choose to trade within the boundaries of the Roof(Resistance, Red) and the Floor(Support, Blue). A sideway bounce trading strategy is 1 of my favourite trading setup.
The black line is for my alert purposes only.
A sideway bounce set up for a perfect shorting opportunity. This will not just be a trend trading trade for me but also a trend-following trade.
Trade has engaged and if you really want to get into our community, check out the link(3) on my signature below.
Don't miss this great trading idea.
An emerging bullish butterfly pattern just has shown up within the sideway bounce and counter-trend trade on a higher timeframe perspective.
I'm very much to wait for a confirmation to engage the trade and I might just extend the trade beyond the sideway bounce.
A classic sideways bounce trade has engaged, great Reward:Risk, let see how this trade roll-up. When the market hit 1st target I will shift stops to entry because a bigger trade plan for EURJPY is to long the market.
