Continue of UJ setup. Bearish.
Here we can see how a fakeout works, then how we wait to retest in lower timeframe to enter the trade once we have confirmation.
Trade closed: target reached
This trade have reached his target. You can have secured 20 pips if you close at the support at 108.742. Perfect setup of a fakeout with 0% drawdown.
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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.