Week 4 Trade 4 NJ Short
Reasons for entry:
- Price is failing to maintain any higher highs
- Lack of momentum
- Multiple bearish candlestick signals at 74.46
Entry Timeframe:
- Main analysis on the 4hr
- Entry from 30min bearish engulfing & 1hr spinning top
Stop Loss:
@74.60 (-14pips)
Take Profit (First Target):
@73.80 (+66pips)
Take Profit (Second Target)
@73.25 (+122pips)
Risk/Reward (First Target): 1:4.7
Risk/Reward (Second Target): 1:9.5
- Price is failing to maintain any higher highs
- Lack of momentum
- Multiple bearish candlestick signals at 74.46
Entry Timeframe:
- Main analysis on the 4hr
- Entry from 30min bearish engulfing & 1hr spinning top
Stop Loss:
@74.60 (-14pips)
Take Profit (First Target):
@73.80 (+66pips)
Take Profit (Second Target)
@73.25 (+122pips)
Risk/Reward (First Target): 1:4.7
Risk/Reward (Second Target): 1:9.5
Trade closed: stop reached
Stop Loss Hit -14pips
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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.