The corrective flat structure within the bigger corrective/reversal pattern looks to be finished. Don’t expect a full reversal even though that is possible. For now, We have this quick 1.15:1 RR setup.
SO 1.20182 TP 1.22351 SL 1.18297
Check out some of my other ideas down below. If you would like me to forecast a specific pair that I have not covered, feel free to comment it down below. Don’t forget to like & follow, I will be posting forecasts & trade setups on a regular basis!
Thank you, Good luck
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Hello guys, I am looking to manually close this trade soon because with the current price action in my opinion it is more likely that the setup will fail and dump.
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Moved my stop loss to 1.1951 because it might just dump quickly so I want to cut my losses. If it slowly goes back up to my entry I will close for BE.
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Price is coming back up strongly, I will be waiting for break even and watch the action closely in smaller time frame. I will update you on what I do next!
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Stop loss moved to 1.1986
Trade closed manually
Took break even, I will wait for another setup.
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To anyone who is still in the trade, congratulations you are doing well so far. I had to go to sleep so I didn't want to risk staying in it. If I get another good setup I will take it and update you.
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Move your stops or take your profit. Don't risk getting taken out for break even after this whole move.
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