EURUSD Sell after trendline break

7 avr. 2021Bearish to approximately 1.1780. This trade set up is similar to a bump and run reversal, with the exception that the trend line angles are not exactly a prescribed with a bump and run, but the factors that make up the bump and run are still applicable. Expect price to fall to the lead in trendline that also lines up with a respected support zone.

Confluences: trend line break with retest on a lower time frame, bearish pin bar at the reversal point on both the daily and 4 hour charts.

8 avr. 2021

Trade fermée: ordre d’arrêt atteint

After consolidation price broke the previous significant high where a stop loss would have been placed based on market structure, thus this trade idea is no longer valid.