Short

Possible ABCD pattern on strong resistance.

Updated

Possible ABCD pattern on strong resistance zone. Wait for the pullback lower low and lower high using fractal before entering short. If price goes above 1.77060, the trade is not valid.

Trade active

1st Entry at 1.7574 after pullback.

Note

2nd Entry at 1.74942.

Note

3rd Entry at 1.74290 with 40 pips SL.

Note

3rd Entry SL was hit... Re-entry at 1.74647

Trade closed: stop reached

1st Entry at 1.75740 close @ positive SL 1.74690 = 105 pips
2nd Entry at 1.74942 close @ positive SL 1.74690 = 25 pips
3rd Entry at 1.74290 close @ negative SL 1.74690 = -40 pips
4th Entry at 1.74647 close @ negative SL 1.74947 = -30 pips

TOTAL WIN PIPS = 60 pips

phol

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