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We are currently running 24 pips from entry, based on the Weekly M pattern where we have entered on the wick of the candle. The market has also printed a W formation on the daily, though we might not take it due to the bearish momentum as well as we will not get a 1:3 RRR for that trade, though there are 2 possible reentry, should it retest the entry then BE then reenter again while waiting for an M pattern or a Head & Shoulders pattern where we enter again on both scenarios for a continuation to the downside.
Good luck!
Trade wisely, please do proper money management.
~FX_SHIFTER
We are currently running 24 pips from entry, based on the Weekly M pattern where we have entered on the wick of the candle. The market has also printed a W formation on the daily, though we might not take it due to the bearish momentum as well as we will not get a 1:3 RRR for that trade, though there are 2 possible reentry, should it retest the entry then BE then reenter again while waiting for an M pattern or a Head & Shoulders pattern where we enter again on both scenarios for a continuation to the downside.
Good luck!
Trade wisely, please do proper money management.
~FX_SHIFTER
Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.