We were waiting for a healthy retracement prior to entering a short with a confirmation of the reversal. It appears after months of anticipation we have finally arrived at this point.
We were ideally waiting for the 61% fib of the month to be tested however we starting seeing structure form on the daily timeframe which aligned with the 50% of the month as well. Now we are testing the structure as resistance. So once we get a confirmation and the entry conditions are satisfied we can make an execution to short the pair.
We already scraped close to 450 pips this week so far, with over 5,000 last month. There is no need to be greedy, so we are waiting a bit longer. If you want to grab all the pips we are making as well please message us privately. We would be more than happy to teach you and help you!
Remember, the elections are coming. So be more precautions on your risk per trade. GOOD LUCK TRADERS!!!
RR - Short Term - Higher chance - 1:2.56
RR - Long Term - Less Likely - 1:5.0
We were ideally waiting for the 61% fib of the month to be tested however we starting seeing structure form on the daily timeframe which aligned with the 50% of the month as well. Now we are testing the structure as resistance. So once we get a confirmation and the entry conditions are satisfied we can make an execution to short the pair.
We already scraped close to 450 pips this week so far, with over 5,000 last month. There is no need to be greedy, so we are waiting a bit longer. If you want to grab all the pips we are making as well please message us privately. We would be more than happy to teach you and help you!
Remember, the elections are coming. So be more precautions on your risk per trade. GOOD LUCK TRADERS!!!
RR - Short Term - Higher chance - 1:2.56
RR - Long Term - Less Likely - 1:5.0
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