AUDCHF - False Break
Updated
Market structure: DownTrend, Short Bias
Setup: False Break/ retest resistance
False Break candlestick pattern: Shooting star / Bearish engulfing
Entry: Short Bias, looking to enter when price retest previous support turn resistance around 0.66480 area
Stop loss: 1 ATR stop loss at swing high when retest resistance
Take profit: 2 point to look into for take profit, Swing low around 0.65060 and 0.64050 area depend on your trading plan
Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.
Setup: False Break/ retest resistance
False Break candlestick pattern: Shooting star / Bearish engulfing
Entry: Short Bias, looking to enter when price retest previous support turn resistance around 0.66480 area
Stop loss: 1 ATR stop loss at swing high when retest resistance
Take profit: 2 point to look into for take profit, Swing low around 0.65060 and 0.64050 area depend on your trading plan
Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.
Note
got into the trade at 0.66480Trade active
Trade closed: stop reached
Always trade with the Trend, Trend is your friend until it bend
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