Perfect setup for me
Updated
Confluences
1. Daily time frame trendline resistance.
2.Shooting star candle stick.
3.Long-term down trend.
4.Market Structure Did not create Higher high.
5.Great R:R 1 to 5
Entry:0.96250
Stop-loss :0.96650 (Slightly Above last swing high)
TP 1:0.95300 (1st support area)
TP 2:0.94200 (last swing low area )
Risk 1%
If price hit stop loss and reach 0.96900 area will look for another sell confluences and risking 2 %.
1. Daily time frame trendline resistance.
2.Shooting star candle stick.
3.Long-term down trend.
4.Market Structure Did not create Higher high.
5.Great R:R 1 to 5
Entry:0.96250
Stop-loss :0.96650 (Slightly Above last swing high)
TP 1:0.95300 (1st support area)
TP 2:0.94200 (last swing low area )
Risk 1%
If price hit stop loss and reach 0.96900 area will look for another sell confluences and risking 2 %.
Note
sl hittedNote
Sell again 2% risk,SL at 0.97150 CHF is gaining momentumTrade closed: stop reached
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