I got an opportunity to long/buy on a potential APF with visible divergence. As per TCT bias, I got a 1:3 Risk:Reward Ratio if expecting market to extend and create new higher high. Trade with care.
Abbreviations / Keywords:
LTF - Lower Time Frame HTF - Higher Time Frame TF - Time Frame TRS - Trend Reversal Strategy CRT - Counter-Retail Technique / Break-out APF - Advance Pattern Formation W4C - Waiting for Confirmation SL - Stop loss TP - Target Profit POR - Point of Ruin
Risk Disclaimer: This is not a trade signal hence we'll not be held responsible for any losses that will occur in your account during trading. You and you alone are responsible for deciding if you are comfortable accepting the potential risk involved in trading. So trade at your own risk and do not invest money you cannot afford to lose.
I tend to disagree with the fact that the market is gonna push up according to what I see, I definitely see a bearish flag there
TheForexSamurai
⋅
@sgah, Thank you for your opinion on this one, but let us see in this coming week. If I am wrong then probably trade would get stopped out and at the end its all about that managed risks. Anything is possible in the markets.