Candlestick trading
Updated
Pattern: Bearish engulfing
West: Previous support becomes resistance, 2x touch
Risk/reward: 1:1.4
Target 1: Bullish engulfing pattern
Target 2: Recent low.
West: Previous support becomes resistance, 2x touch
Risk/reward: 1:1.4
Target 1: Bullish engulfing pattern
Target 2: Recent low.
Trade active
Price action make a significant move in our favor and approaching my first target. A spinning top print confirming minor support.
Overall trend is still down.
Hold for now.
Trade active
Take out my first target @ the blue line.It did breakdown that line, plan to move stop to breakeven.
Trade active
On Monday, I will place stop just above 1.00964 (blue line) to lock profits. Maybe dial down to 1 hour to locate intraday major resistance and place stop there. If price continue to trade lower it can hit my primary target.Trade closed: target reached
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