Enter on re-entry following this bearish markdown
Hey traders!
If you have been following my previous sentiments, I have identified that the bull rally from last Friday till earlier this week was probably temporary as multiple accumulation points was seen above key SR. If you have been loading short entries along with me between 109.30 to 108.80 , that's awesome!! Following this trade, we can start reloading shorts along re-entry points when the candle retraces and touches the dragon line and ride the wave. TP level should be around 106.440 according to the 61.8 fibo support line. Shall update along the way when there are new price actions or an impending reversal.
Do comment your views below.
Stay safe, trade within your means and steal those pips!
ForexPipCheats
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work for you as well as against you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Disclaimer:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary or educational information and does not constitute to investment advice. I do not accept liability for any loss or damage, including without limitations to, any loss of profit, which may arise directly or indirectly from use of or reliance on such
If you have been following my previous sentiments, I have identified that the bull rally from last Friday till earlier this week was probably temporary as multiple accumulation points was seen above key SR. If you have been loading short entries along with me between 109.30 to 108.80 , that's awesome!! Following this trade, we can start reloading shorts along re-entry points when the candle retraces and touches the dragon line and ride the wave. TP level should be around 106.440 according to the 61.8 fibo support line. Shall update along the way when there are new price actions or an impending reversal.
Do comment your views below.
Stay safe, trade within your means and steal those pips!
ForexPipCheats
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work for you as well as against you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Disclaimer:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary or educational information and does not constitute to investment advice. I do not accept liability for any loss or damage, including without limitations to, any loss of profit, which may arise directly or indirectly from use of or reliance on such
Trade active:
Entered a short re-entry at 108.469 as M15 PA touched the dragon line
Trade closed: target reached
