Hi pros!!
after forming the bearish bat and beginning the reaction to it price broke the bear flag
the plan is to enter in lower time frame and aim for at least the first or second level.
after forming the bearish bat and beginning the reaction to it price broke the bear flag
the plan is to enter in lower time frame and aim for at least the first or second level.
Trade active:
inside bar about to break down outside of the bear flag
put a tight SL (ideally just above the candle which brokes the flag)
put a tight SL (ideally just above the candle which brokes the flag)
Comment:
sl at 60 (round number) , is enough because it's a 1:2 for first target and let price fluctuate without hitting sl obligatory
Comment:
Almost hit first target , take half
Trade active:
reshort is possible from here
Order cancelled:
because usdjpy is bearish, took the resting profit