Short GBB/CHF - Engulfing Candle at previous resistance
Looking to go short here for two positions. Price has come up to previous resistance and placed a bearish engulfing candle.
Position 1: Stop Loss 45 Pips, Take Profit 49 Pips
Position 2: Stop Loss 45 Pips, Take Profit 113 Pips
If price reaches take profit 1, stop loss on position 2 will go to break even
Position 1: Stop Loss 45 Pips, Take Profit 49 Pips
Position 2: Stop Loss 45 Pips, Take Profit 113 Pips
If price reaches take profit 1, stop loss on position 2 will go to break even
Commentaire:
We are getting bearish engulfing candles on the 30 min chart but its starting to look like a flag pattern. I've moved my stops at red dotted line in case this breaks out up
Trade fermée: ordre d’arrêt atteint:
So the flag pattern ended up being true and the price broke up. I had moved my stops down so loss was not that bad.
Always adjusting to the price action to minimize losses!
Always adjusting to the price action to minimize losses!