Distribution pattern with breakdown below key support suggests downside momentum.
Break above our Resistance zone will invalidate our trade setup; good idea to watch out if that happens.
- Breakdown Level: 1.77694 -1.77722
- Entry Strategy: Sell orders at BOS
- Stop Loss: Above Resistance zone
- Target Zones:
- Primary Target: Target 1 (R:R 1:2)
- Secondary Target: Target 2 (R:R 1:3)
- Extension Target: Target 3 (R:R 1:4)
Bearish/Bullish Confirmations:
🔻 Rejection candlestick patterns
🔻 Bearish Reversal patterns
🔻 Impulsive moves in line with setups directional bias
Position Management:
- Exit: Partial profits at targets
- Stop adjustment: Trail stops when target are hit
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Tidypips: "Keep It Clean, Trade Mean!"
Break above our Resistance zone will invalidate our trade setup; good idea to watch out if that happens.
- Breakdown Level: 1.77694 -1.77722
- Entry Strategy: Sell orders at BOS
- Stop Loss: Above Resistance zone
- Target Zones:
- Primary Target: Target 1 (R:R 1:2)
- Secondary Target: Target 2 (R:R 1:3)
- Extension Target: Target 3 (R:R 1:4)
Bearish/Bullish Confirmations:
🔻 Rejection candlestick patterns
🔻 Bearish Reversal patterns
🔻 Impulsive moves in line with setups directional bias
Position Management:
- Exit: Partial profits at targets
- Stop adjustment: Trail stops when target are hit
LIKE or COMMENT if this idea sparks your interest, or share your thoughts below!
FOLLOW to keep up with fresh ideas.
Tidypips: "Keep It Clean, Trade Mean!"
Trade active
Sell orders at BOS got triggered, and we hit Target 1. hopefully we will get to Target 2 or 3 Trade closed: stop reached
Got triggered in then adjusted my trailing stop loss for a risk free trade but eventually SL got hit. If you took some partial profits job well done
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.