Ok so after observing this pair for the best entry I waited until the pattern broke out and decided to get in when it retraces like now
I like this setup because it's an overal bearish trend and will likely continue
The retracement was needed to entry for a better risk&reward and price might go beyond previous support where I set my target anyway I will close 50 percent of my positions then.
No additional or important event that has the force to reverse this strong bearish trend and that could add additional risk that I don't want
I like this setup because it's an overal bearish trend and will likely continue
The retracement was needed to entry for a better risk&reward and price might go beyond previous support where I set my target anyway I will close 50 percent of my positions then.
No additional or important event that has the force to reverse this strong bearish trend and that could add additional risk that I don't want
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.