possible Asian session momentum short opportunity
Updated
price is trading in ascending parallel channel with price having retested top of channel as resistance which drove price a few pips down but i see this as a false move to trap sellers as there is a bearish trendline on top which i am waiting for price to retest which may well be the necessary catalyst to add bearish momentum to the forex pair. I have sell limit orders at daily level which was a low but refined to closing price @ 1.32749 as in the price has proven to be more accurate when analyzing exchange rate dynamics.
Giving a risk , reward of 1:3. i have my stops 29.8 pips above entry price and targets 98.4 pips from entry price.
this is not a trade signal.
''I was taught to make it happen and keep my plans to myself , you never felt the pain that I felt but I knew what I wanted will happen...I kept saying to myself - JOEY FATTS''
Giving a risk , reward of 1:3. i have my stops 29.8 pips above entry price and targets 98.4 pips from entry price.
this is not a trade signal.
''I was taught to make it happen and keep my plans to myself , you never felt the pain that I felt but I knew what I wanted will happen...I kept saying to myself - JOEY FATTS''
Trade active
move stops to breakeven to protect positions or trail stop as price is approaching top of liquidity poolTrade closed: target reached
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