I see the M Pattern.
Along with a Down Trending Market.
Price is Rejecting and Starting to Create Lower Highs and Lower Lows. Trading it to next Zone.
1:2 Risk to Reward Ratio on The Idea.
I took a 5 Percent Risk on my 1244.97 Demo Account.
As I placed it. Trade went into Insta. Profits.
the Bearish Engulfing on the 15 Min Chart Told me that Price is Rejecting Hard and I Like the Setup. ITs not PERFECT.
But None the Less a Setup it is In My Book. Ill Update Each Time That I actually Look at the Charts.
Along with a Down Trending Market.
Price is Rejecting and Starting to Create Lower Highs and Lower Lows. Trading it to next Zone.
1:2 Risk to Reward Ratio on The Idea.
I took a 5 Percent Risk on my 1244.97 Demo Account.
As I placed it. Trade went into Insta. Profits.
the Bearish Engulfing on the 15 Min Chart Told me that Price is Rejecting Hard and I Like the Setup. ITs not PERFECT.
But None the Less a Setup it is In My Book. Ill Update Each Time That I actually Look at the Charts.
Note
Moved Stop Loss in profit to 1.30050And Closed Half Position at 1.29625
I STILL GOT IT.
Trade closed: target reached
100 + Pips in Just a FEW HOURS LETSSS GOOOO.TP SMASHED
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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.