Hello traders!
This is a short for 30 pips, catching price between lines B to C or for 60 pips between lines B to D. It`s recommended to position stop no further than 1:1 RR away from entry, although this may vary with markets and volatility. When price reaches line B, the trade could be taken with a sell stop order, set and forget, or could be taken depending on how each individual identifies momentum bar by bar.
Best,
Jay
This is a short for 30 pips, catching price between lines B to C or for 60 pips between lines B to D. It`s recommended to position stop no further than 1:1 RR away from entry, although this may vary with markets and volatility. When price reaches line B, the trade could be taken with a sell stop order, set and forget, or could be taken depending on how each individual identifies momentum bar by bar.
Best,
Jay
Trade active
This trade started moving a couple hours after open so there was time to place a sell stop. Depending on where you got in, should be coming up on 30 pips if price makes another stretch down. Trade closed: target reached
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Disclaimer
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.