The resistance level has been pinned and price is around a key supply zone on the Daily time frame - I am shorting at market price with:
Stop loss 25 pips from my entry (just above the highs) making this an ultra low risk setup (Sl at 1.00288) and
Take profit lower down at the support level at 0.99256
This trade offers a 1:3 RRR
Don't bet the farm and always exercise healthy risk management :)
PS: Check the bearish engulfing pattern on H1 confirming the short....
Stop loss 25 pips from my entry (just above the highs) making this an ultra low risk setup (Sl at 1.00288) and
Take profit lower down at the support level at 0.99256
This trade offers a 1:3 RRR
Don't bet the farm and always exercise healthy risk management :)
PS: Check the bearish engulfing pattern on H1 confirming the short....
Trade stängt: Stopp nått:
Stopped out at -30 pips