Background:
- Bearish reversal candle off horizontal resistance @ 1.793 with bearish divergence
Entry:
- Entered at market as last friday shooting star has shown the momentum
SL:
- SL set 20pips above the 13 April bearish marobozu @ 1.801
Others:
- Since this is a counter trend trade, i would look out for early exit point with price reaction off 10/20 and 200MA support
- Bearish reversal candle off horizontal resistance @ 1.793 with bearish divergence
Entry:
- Entered at market as last friday shooting star has shown the momentum
SL:
- SL set 20pips above the 13 April bearish marobozu @ 1.801
Others:
- Since this is a counter trend trade, i would look out for early exit point with price reaction off 10/20 and 200MA support
Trade closed: stop reached:
Updates - 19 April 2017:
- Stop loss reach with yesterday bullish marobozu close
- Luckily my SL did the job...
- Stop loss reach with yesterday bullish marobozu close
- Luckily my SL did the job...