Short

Potential Bearish Break-Down:

Updated

Note(s):

It will be ideal to wait for some kind of a confirmation (in-terms of candlesticks or price pattern) before placing this Short. In addition, it is also ideal to wait for the MACD crossing-over & bearish bars, & AO bearish bars; as confirmation as well to enter this Short.

Best regards.

Trade active

I decided to entered this trade just now. (I have activated trailing-stop-loss @ 150pips; which will activate automatically once price has moved further down; which may be very soon from what I see; price suddenly inched very nicely down.)

Best regards.

Note

I just moved the stop-loss to near break-even position for now.

I will just leave this risk-free trade alone for now.

Best regards.

Note

Unfortunately, this pair didn't drop down any further; instead, it pushed up to a new high later (as you can see).

The original trade was taken out at BE. So I Shorted it another time & was taken out at BE once again. (If I were to be still monitoring this pair after that, then I won't be Shorting it anymore when I see an impulsive/dangerous looking green-candlestick...)

So it is back to scalping for me now.

Regards.

ProFX_Strategist

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