Price failed to push higher and provided us with a SHORT opportunity. With NO drawdown, we have now reached TP = +40Pips. Below is the "before the fact" analysis. Trade Safe. -STRVS
Previously stopped out at BE ( Break-Even ) We saw this trade reach +30 Pip gain before making its way back down to BE, some took profit at +30 pip gain, some were stopped out at BE. Price has printed a reentry and we are now in +-40pips profit ( Same applies If previous SL was held & NOT moved to BE ). SL can now be moved into BE to have a risk free trade, or...
'Stops' have been moved to BE ( Break-Even ) Trade is now RISK-FREE. Holding for TP. Goodnight -STRVS
After a good sell-off, we see buyers possibly coming back into play, price could be anticipating a print of a new HL. Trade Safe, Strict Risk Management ALWAYS. If we break below previous Lows, we could anticipate the bearish push to continue. -STRVS.
I will be interested in price once/if price makes its way down to the grey shaded area, will look for evidence of a possible bullish reversal, where we could possibly see Buyers come in to continue the Bullish Push. This is a possible TC ( Trend Continuation ) entry. If lows are broken & new lows are formed, this trade would be INVALID to consider. I will upload...