FCPO 12 Oct 2021 : Breakout EMA50

1. Yesterday 15min CS have a reversal pattern with bearish engulfing @ 5min TF.
2. Today's price has a valid breakout of EMA50. there are 2 possibilities when price breakout EMA50 :
i) Bigger sideway range
ii) Continue downtrend
3. Signal: 1st pullback after a breakout
4. Entry: After bearish engulfing @5min + 15min Bearish engulfing
5. SL: 10tick above highest pullback CS.
6. TP: target support area / until 15min have reversal CS.

TAYOR

Comment:

Triangle formation.. Which direction break?

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Another Bearish engulfing.. entry chance

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TP as trading plan..

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Re-entry sell for tommorow