Do not trade based on my ideas. I am a novice.
Double top formed at the hourly - I'm short to the 61.8 retracement of the upward movement for a cheeky 4:1 R/R.
Double top is not confirmed until it breaks the neckline - strictly should not enter trade until it does. For my target this gives only ~1.3:1 -
therefore I am breaking the rules for small risk and large reward.
Double top formed at the hourly - I'm short to the 61.8 retracement of the upward movement for a cheeky 4:1 R/R.
Double top is not confirmed until it breaks the neckline - strictly should not enter trade until it does. For my target this gives only ~1.3:1 -
therefore I am breaking the rules for small risk and large reward.