Watching this bearish channel at the moment and looking for a new short entry, I missed the last one so going to wait for it to head back up to the top of that channel which also intersects with an EQ zone which could be some good resistance.
3:1 RR and small risk for me with my stop loss above the previous swing high, clearing the previous wicks.
I will manage my trade if it gets back down to the bottom of the channel, it may continue to deliver but if I see any bullish candle sticks I may close down the position and take the win.
3:1 RR and small risk for me with my stop loss above the previous swing high, clearing the previous wicks.
I will manage my trade if it gets back down to the bottom of the channel, it may continue to deliver but if I see any bullish candle sticks I may close down the position and take the win.
Order cancelled:
Never got the entry i was hoping for so missed opportunity although it played out well