Last weeks weekly showed clear rejection and we seemed to have tested the kijun. If this is true we should see a continuation of this downside movement this coming week. Short term target being 27498 and longer term, the monthly flat kijun level of 24912.
Entry: sell on daily close below 28982
SL: 31256
TP1: 27498
TP2 : 24912
Did i mention that risk management is king in trading?!. . . .risk half of what your mentor said you should risk:)
Entry: sell on daily close below 28982
SL: 31256
TP1: 27498
TP2 : 24912
Did i mention that risk management is king in trading?!. . . .risk half of what your mentor said you should risk:)
註釋
We have not been triggered yet. Price went back to weekly Tenkan. So we wait and see how price reacts tomorrow at this level at day end.We could potentially have a better price entry..so we wait.交易進行
We got triggered on close yesterday註釋
I dnt like way this trade is going. it seems the market is respecting 28982 on the monthly. I would just keep the trade until invalidation at SL. . .交易結束：達到停損點
We reached the Monthly Tenkan and got stopped out. So this could be a test of the Tenkan or it could signal a change of fortunes(bulls) for the MNP. I favor former and would wait for a sell signal from the weekly.
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