Week 4 Trade 4 NJ Short
Reasons for entry:
- Price is failing to maintain any higher highs
- Lack of momentum
- Multiple bearish candlestick signals at 74.46
Entry Timeframe:
- Main analysis on the 4hr
- Entry from 30min bearish engulfing & 1hr spinning top
Stop Loss:
@74.60 (-14pips)
Take Profit (First Target):
@73.80 (+66pips)
Take Profit (Second Target)
@73.25 (+122pips)
Risk/Reward (First Target): 1:4.7
Risk/Reward (Second Target): 1:9.5
- Price is failing to maintain any higher highs
- Lack of momentum
- Multiple bearish candlestick signals at 74.46
Entry Timeframe:
- Main analysis on the 4hr
- Entry from 30min bearish engulfing & 1hr spinning top
Stop Loss:
@74.60 (-14pips)
Take Profit (First Target):
@73.80 (+66pips)
Take Profit (Second Target)
@73.25 (+122pips)
Risk/Reward (First Target): 1:4.7
Risk/Reward (Second Target): 1:9.5
Trade stängt: Stopp nått:
Stop Loss Hit -14pips