This is a classic example of the TLS trading system using price action:
Trend = down
Level = resistance
Signal = bearish engulfing (and a hanging man with confirmation)
Stop loss @ 1.32199 and
Take profit @ 1.30871
30 pip risk for 100 pip reward
Dont bet the farm and always exercise healthy risk management :)
Trend = down
Level = resistance
Signal = bearish engulfing (and a hanging man with confirmation)
Stop loss @ 1.32199 and
Take profit @ 1.30871
30 pip risk for 100 pip reward
Dont bet the farm and always exercise healthy risk management :)
Trade closed: stop reached
- 30 pips
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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.
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.