Hello Traders!
1. We see 3 consecutive highs after proper consolidations. I have some self-made rules for this setup which have worked with almost 90 percent accuracy.
2. We also have a 2-bar reversal pattern in 1 hour tf.
3. Sell below the red line. The stop may be updated if the market makes a new high before our entry.
4. We also have 2 potential targets marked by the green lines.
Do use proper risk management.
Happy Trading!
Profits,
Market's Mechanic.
1. We see 3 consecutive highs after proper consolidations. I have some self-made rules for this setup which have worked with almost 90 percent accuracy.
2. We also have a 2-bar reversal pattern in 1 hour tf.
3. Sell below the red line. The stop may be updated if the market makes a new high before our entry.
4. We also have 2 potential targets marked by the green lines.
Do use proper risk management.
Happy Trading!
Profits,
Market's Mechanic.
Comment:
1st Target hit! Over 2.2R achieved.
Trade closed: target reached:
2nd Target hit! 4.2R achieved.
Trade complete.
Trade complete.