GBPCHF - False Break

Market structure: Range, price at support
Setup: False Break/ retest support
False Break candlestick pattern: Hammer / Bullish engulfing

Notice a bullish bar ( bullish engulfing ) 3 bar before so i decided to go for a long setup.
Stop loss: 1 ATR stop loss at swing low around 1.25040
Take profit: Swing High around 1.27700 area

Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.

Kommentera:

price hit my stop loss

Trade stängt: Stopp nått