Here we have a nested failure pattern it contains a swing and a pullback that fails 2x to go higher. The target is the fist leg length as a measured move. This pattern is seen on all times frames the psychology is the bulls or bears try twice and after the second time they give up the confirmation is a high tail or a strong reversal candle after the last try. Here we see a high monthly tail.
If you have the pair sl at the tail target the leg
Keep size small and scale in when in profit add to it from the profit. Eurmxn is in the same condition if you have that pair
If you have the pair sl at the tail target the leg
Keep size small and scale in when in profit add to it from the profit. Eurmxn is in the same condition if you have that pair
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