Looks to be at the top of teh channel trending downward. A;lthough it did break the trendline, the retest failed. Also it's over sold. Quick scalp that should be an easy one to pull the trigger on. I call a short for a decent 1.5:1 R:R But you must act fast!
Update: I shortened the S/L only because if it does hit the SL it'll probably got much higher making you re-think the entry... and having a better entry with less draw down. I personally down like any more than a 30 pip stop loss and my R:R is usually a 3:1 but this should be an easy scalp so I'm loosening my own rulse for this one.
Without the mess
Update: I shortened the S/L only because if it does hit the SL it'll probably got much higher making you re-think the entry... and having a better entry with less draw down. I personally down like any more than a 30 pip stop loss and my R:R is usually a 3:1 but this should be an easy scalp so I'm loosening my own rulse for this one.
Without the mess
Trade stängt: Stopp nått:
Mementum completely changed. I should've seen that coming.
You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.