Does history really repeats itself?
Updated
If the price behaves as described in the chart, enter the trade at the yellow line:
Stop loss is the red line;
Take profit is the green line;
Stop loss is the red line;
Take profit is the green line;
Note
The trigger is a clear fall below the yellow lineTrade active
Due to the decreasing volume, we are going in with a tight stop (giving it a bit more space, 2850) as the session approaches closing time. This option renders us a very good Risk Reward. We aim to sell at the yellow line and rebuild the position later.Trade active
Trade is still open as we fail to close above 2850. If the prices does not revert now we will most likely be out of this position.Trade closed: stop reached
We close the trade as we close above 2850
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