Eurjpy short position setup
Updated
Hi everyone.
As we have a BOS to the down in 1H TF, now it's time for a pull back.
I think around 161 is a good area to look for CHoCH in lower TF(like 5min) to go short. Or you can set a limit order by your own risk.
Please consider the risk management.
Lets see what will happen...
Good luck.
As we have a BOS to the down in 1H TF, now it's time for a pull back.
I think around 161 is a good area to look for CHoCH in lower TF(like 5min) to go short. Or you can set a limit order by your own risk.
Please consider the risk management.
Lets see what will happen...
Good luck.
Order cancelled
We didn't make a complete pull back to that level and also had a BOS and a new low, so I think this trade is invalid and I cancel this order.Because if we reach to that level, surely we would have a CHoCH in 1H TF and this will change the story ;)
Comment
Also if we broke the 1H high to the up then I'll look for a pullback to find an entry level.Good luck everyone.
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