We had a head and shoulders formation completing end of last Month,with a higher high and lower high shoulder. Since then we have been waiting for a reasonable break of the neckline and we just might get that today. Price has been under tenkan(which itself is under kijun,good for a short) and more importantly our lagging span is under price,all ingredients for a short.On the weekly the lagging also seems to have free movement to the downside and the tenkan did a mathematical rise to engulf price under it,again giving good confluence for a short. Our final target is the weekly kijun area.
Entry: 2 small posistions on daily close below 1.7347
SL: 1.7486
TP1: 1.7342
TP2: 1.7124
Manage your risk appropriately and live to trade another day!
Entry: 2 small posistions on daily close below 1.7347
SL: 1.7486
TP1: 1.7342
TP2: 1.7124
Manage your risk appropriately and live to trade another day!
Transaction en cours:
Let the games begin!!
Trade fermée: cible de profit atteinte:
1st target reached. . . .we wait for the second but we take trade to breakeven
