Great resistance bounce followed by a triangle breakout on the lower time-frame (H1) giving us a good short opportunity with good risk to reward ratios.
I have placed 2 different trade setups on the chart one with a wider stop-loss and take profit which gives room for any retracements which may occur. The second setup has a tighter stop-loss and is more for those who do not like holding positions for too long. Remember though, the tighter the stop, the more likely it is to hit
I have placed 2 different trade setups on the chart one with a wider stop-loss and take profit which gives room for any retracements which may occur. The second setup has a tighter stop-loss and is more for those who do not like holding positions for too long. Remember though, the tighter the stop, the more likely it is to hit
Trade closed: target reached:
tp1 hit
move sl to breakeven for tp2
move sl to breakeven for tp2
Trade closed: target reached:
tp2 smashed