Reason for entry: Broke MA, trending down What did price do last time it was in this area?: It went down Any patterns? Squeeze?: No Fibonnacis? The shorter the retracement, the shorter the trend. Look to enter when price breaks 100: N/A Completed fibonacci sequence? (on Daily chart) Divergance?: N/A Breakout & retest?: N/A last swing low/high broken?: Yes Risk/reward ratio (consider the candle wicks): 3.17 Potential profit: 25.4% Potential loss: 8% (breaking the rules, I know!) Indicators: All bearish Multiple time frame support (1W, 1D, 4H): Confluence Moving Average: below Upcoming news announcements: Big one for CAD tomorrow night and medium one for JPY How confident are you with your position?: 75% How do you feel in general?: i feel good
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.