Upon completing the Bearish Shark pattern (see earlier related post) I took a short. Covered the short yesterday when the price broke above the resistance trend line.
However, I believe that the trend is still down and I have been looking to take a trade to continue the down move. The targets can be as low as 112.00. That is where the bullish Shark completes.
I am taking a small risk by taking a small position short at 113.48. Close to a 50% retracement of the drop from the top. Another alternative entry is to let the price break below the TL and enter short upon retracement back to the the TL.
However, I believe that the trend is still down and I have been looking to take a trade to continue the down move. The targets can be as low as 112.00. That is where the bullish Shark completes.
I am taking a small risk by taking a small position short at 113.48. Close to a 50% retracement of the drop from the top. Another alternative entry is to let the price break below the TL and enter short upon retracement back to the the TL.
トレード稼働中:
Price finally break below the support Trend Line. I am looking to add on to the short position
トレード稼働中:
Price moved according to expectations. Broke down the TL support and moved down in steps. 113.00 was a temporary support, now 112.60/50 seem like a support again.
I believe there should be another leg down to 112.00. Though my hope is that there will be one last leg down, I have also being prudent and moved my Stops to 113.18 (protecting some profits)
I believe there should be another leg down to 112.00. Though my hope is that there will be one last leg down, I have also being prudent and moved my Stops to 113.18 (protecting some profits)
トレード終了: 利益確定目標に到達:
An amazing ride. Congrats to those who managed to follow this trade.
Price played out exactly to what was planned.
Target Profit reached with +145pips
Now the Bullish Shark has completed, will start a new post as I look to take a long position. The move down has been very fast, I believe the pair has to consolidate for a while before it can even start to turn up.
Stay tuned. Cheers
Price played out exactly to what was planned.
Target Profit reached with +145pips
Now the Bullish Shark has completed, will start a new post as I look to take a long position. The move down has been very fast, I believe the pair has to consolidate for a while before it can even start to turn up.
Stay tuned. Cheers
