We have been waiting patiently for an opportunity to get in and we might have found it here. The H4 had a bearish engulfing at a zone of significance 6.500. This is an important zone because the weekly cloud boundary is coinciding with the monthly tenkan (which is sloping down so thats good) so we should get good rejection here. If not then price will have to really go parabolic to overcome that, but for now we are still on the short! We have split the position in two to cover the
Entry: 6.477
SL : 6.512
TP1 : 6.402 (R-2.14)
TP2: 6.31 (R-4.77)
Its a reentry so position size should be reduced in case we get stopped again!
Entry: 6.477
SL : 6.512
TP1 : 6.402 (R-2.14)
TP2: 6.31 (R-4.77)
Its a reentry so position size should be reduced in case we get stopped again!
