Were Looking at the Price action once the price reach @ 70.747..
Once we see a rejection in that area. We are going to short
Short @ 70.747 Level
TP @ 69.262
Once we see a rejection in that area. We are going to short
Short @ 70.747 Level
TP @ 69.262
Comment:
We are nearing to our Resistance 70.980 level. So far we are not yet on a trade since their are no confirmation of all the rejections that happen in 70.747 level. We are expecting a rejection with confirmation in this area.. we will see what the price action will give us.
Trade active:
Entry : Sell: 70.970
Stop Loss: 71.016
TP: 69.262
Stop Loss: 71.016
TP: 69.262
Comment:
Our Sell Limit is Trigger. We are now on a trade.. We will close this if the price action will give us a false reversal or if our stop loss will be hit. Cheers to all.
Comment:
Risk: 50 pips
Reward: 1708 pips
Reward: 1708 pips
Trade closed: stop reached
70.747 - 70.980 Level of the Resistance Zone.. We will Enter a Short after we see a good rejection in that are..