Price has broken out of an ascending trend line and formed a head and shoulders pattern when it came to test and reject the left shoulder. price has then formed a bearish correction and broke out which confirmed this trade to the downside. majority of my trades are 1:2 risk/reward
Price broke out of an ascending trend line and is now trading within a broadening wedge. we have broke the lower time frame ascending trend line within which has confirmed this short.
1- DAILY RESISTANCE WHERE PRICE HAS REJECTED 2- 1HOUR TIGHT FLAG AND BREAKOUT 3- STOP LOSS 5 PIPS ABOVE FLAG HIGH 4- RR 1:2