We saw a nice daily pin bar rejection right on a long term down trend line after a few weeks of rallying up to it.
Shall be looking at lower tf for a nice signal entry to short and then shall be looking to put stop to break even when a 1:1 has been hit and take some profit, and then letting it run hopefully to the double bottom point where the last rally up began.
Shall be looking at lower tf for a nice signal entry to short and then shall be looking to put stop to break even when a 1:1 has been hit and take some profit, and then letting it run hopefully to the double bottom point where the last rally up began.
Comment:
we've seen a nice head and shoulder pattern break down on 1 hour time frame and i took the short on the high of the right shoulder. currently +47 pips in profit with my stoploss moved to break even. 18/12/2019