Week 12 Trade 1 NU Short
Reasons for entry:
- 61.8% fib rejection + wick rejection
- 0.6850 Minor psychological level
- PA is Forming lower highs and lower lows
- Price is losing moment and beginning to stagnate
- Evening star formed on the 1hr
Entry Timeframe:
- 1hr bearish engulfing + evening star
- 0.6847
Stop Loss:
@0.6860 (-13pips)
Take Profit:
Target 1 @0.6830 (+17pips) = Risk/Reward : 1:1.3
Target 2 @0.6810 (+36pips) = Risk/Reward : 1:2.8
Target 3 @0.6775 (+72pips) = Risk/Reward : 1:5.5
Notes :
-
- 61.8% fib rejection + wick rejection
- 0.6850 Minor psychological level
- PA is Forming lower highs and lower lows
- Price is losing moment and beginning to stagnate
- Evening star formed on the 1hr
Entry Timeframe:
- 1hr bearish engulfing + evening star
- 0.6847
Stop Loss:
@0.6860 (-13pips)
Take Profit:
Target 1 @0.6830 (+17pips) = Risk/Reward : 1:1.3
Target 2 @0.6810 (+36pips) = Risk/Reward : 1:2.8
Target 3 @0.6775 (+72pips) = Risk/Reward : 1:5.5
Notes :
-
Trade closed: stop reached
Got this trade setup completely wrong
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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.