Reasons to enter:
1. Old TL since 5th of September was broker (black TL), and now formed new TL and now price just bounce back downwards after touching the new TL.
2. EMA 21 Crossover and closed below EMA 21 in H4 (since 5th of Sept never cross over EMA 21). Hence, downward is favored.
3. The most recent 3 bullish H4 candlesticks shows a bearish candlestick pattern of "3 bullish soldier", hence bearish is favored.
4. In the long run, bullish is still remain for this pair, as now we're just trading the retracement in the short run.
RR 1:1.21
EP: 1.3482
TP: 1.3340
SL: 1.3600
Good luck and happy trading all!
1. Old TL since 5th of September was broker (black TL), and now formed new TL and now price just bounce back downwards after touching the new TL.
2. EMA 21 Crossover and closed below EMA 21 in H4 (since 5th of Sept never cross over EMA 21). Hence, downward is favored.
3. The most recent 3 bullish H4 candlesticks shows a bearish candlestick pattern of "3 bullish soldier", hence bearish is favored.
4. In the long run, bullish is still remain for this pair, as now we're just trading the retracement in the short run.
RR 1:1.21
EP: 1.3482
TP: 1.3340
SL: 1.3600
Good luck and happy trading all!
Trade active
Holding a profit of 86pips! Continue bear bear bear GU! :DTrade closed: target reached
Target of 1.3342 was hitted and was closed! Managed to grab nearly 140+ pips Wohooo! =DNote
Closed early with a loss of about -16 pips >< bad trade as didn't analyze probably.
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.
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.