Here we see a potential short position as price just broke out of a bearish flag pattern on H4 and retested on H1, as well as broke out of a strong support level looking left.
Looking for candlestick confirmation on H1 to take our short position and try to ride the bear run down to zone 1.72390 and 1.72263
Looking for candlestick confirmation on H1 to take our short position and try to ride the bear run down to zone 1.72390 and 1.72263
Note
Price is past our 1RR and reaching our 1:2 TP1 Target.
Moving my SL to just below break-even to secure some profits and let this run risk-free to TP2 at about 1.71318 which is 1:4 RR.
Note
TP1 smashed!
Breaking SL to break even
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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.