Market structure: Daily TF downtrend, H8 in Range
Setup: False Break
False Break candlestick pattern: Shooting star / Bearish engulfing
To look for trading opportunities when price break and close above 1.08680 area and price rejected strongly back below 1.08680 area
Stop loss: 1 ATR below swing high
Take profit: To take one swing target at 1.08120
Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.
Setup: False Break
False Break candlestick pattern: Shooting star / Bearish engulfing
To look for trading opportunities when price break and close above 1.08680 area and price rejected strongly back below 1.08680 area
Stop loss: 1 ATR below swing high
Take profit: To take one swing target at 1.08120
Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.
הערה:
Price went lower before retest resistance
הפקודה בוטלה