Approaching the main bear trendline. Potential huge short opportunity however we will be watching price action on the lower time frames for entry confirmation
Waiting for a pullback to trend line and structure, using the fib for stop loss levels
Great Risk Reward trade. Counter trendline break, retest to 78 fib
Might not make a new lower low but the key level of 1650 should cause a bounce at least. Pros. 78fib. resistance, key level cons, counter trend line broke, price action is bullish
Inner trend line broken either as a fake out to continue down, or we start to move up to the outer trend line. We will look at price action on the lower time frames for entries.
Potential 300 pip move down. if stopped out. wait for pullback to trend line with M pattern flag and fib level before going long
1Hr time frame. counter trend line broke, waiting for pullback to retest before we continue lower
It doesn't matter if you right or wrong, what matters is how much you loose when you wrong and how much you make when you right!
Max 3 entries 5% risk combined. move SL at each TP
Small time frame scalp entry for a longer swing trade