Structure Based Short With Trendlines
Updated
After the flag breakout, we moved down making a lower low. We have now retraced 61.8% to retest the flag breakout area (small red zone) and also a higher time frame trend line (yellow ray). This gives us a decent short if you missed the first move. SL can either go above the retest zone for a great RR or above the high for a good RR!
Trade active
It's making a strong down move. Let's hope the candle closes as bearish as it is now!Note
Very close to targets now. I am going to close the trade before NFP if it hasnt already hit targets just to be safeTrade closed manually
Alright closed it out before NFP, want to make sure I'm locking in profits
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