This pair has broken out of an ascending channel. Grey box is the key level where price will probably retest the broken structure. Confirm rejection to short
Always apply money manaagement
Always apply money manaagement
Comment:
Trade active
Comment:
SL 0.86816
Comment:
Updating this at real time
Entry and SL shown on the chart.
PLAN A: Shorted at retracement (placed a sell limit order), and it spiked up. Strategically placed my SL if this doesn't work.
PLAN B: Would be to short at the Monthly Resistance - Psychological Rd No (where it would also touch the upper ascending trendline.
A more conservative approach is to short below the black dotted line
Entry and SL shown on the chart.
PLAN A: Shorted at retracement (placed a sell limit order), and it spiked up. Strategically placed my SL if this doesn't work.
PLAN B: Would be to short at the Monthly Resistance - Psychological Rd No (where it would also touch the upper ascending trendline.
A more conservative approach is to short below the black dotted line
Comment:
Comment:
Retracement was rejected at the 0.618 Fib level
SL placed above
SL placed above
Comment:
Minor rejection of the 4hr candle
In the red of 14 pips
Minor rejection of the 4hr candle
In the red of 14 pips
Trade closed: stop reached:
-100 pips SL (2 Positions)
