Big bearish flag has started to form since the beginning of October so the trading plan is pretty much common to most of traders.
Technically we see that flag is about to break soon as we saw that it nearly kissed 61.80 of the bearish leg. What we need to see now is a simple thing; break and retest.
R:R potential is very high depending on how much someone wants to risk. Personally I don't target more than 1:3 R:R. My targets are some daily key levels where I expect price to visit soon.
Technically we see that flag is about to break soon as we saw that it nearly kissed 61.80 of the bearish leg. What we need to see now is a simple thing; break and retest.
R:R potential is very high depending on how much someone wants to risk. Personally I don't target more than 1:3 R:R. My targets are some daily key levels where I expect price to visit soon.
