I took a short trade, expecting the market to follow a bearish structure. And it did!
It made an uptrend, then it went up for quite a while, but now I am seeing a reversal pattern, and the fact that it hasn't broken the previous high just further confirms this potential downtrend
My entry price is just above this current high, which makes it a perfect opportunity for me to move my SL to breakeven. Because after all, the entry price itself is the perfect SL for this trade.
Still believing in a bear market guys, wish me luck!
Entry/SL: 0.91444
TP: 0.90460
It made an uptrend, then it went up for quite a while, but now I am seeing a reversal pattern, and the fact that it hasn't broken the previous high just further confirms this potential downtrend
My entry price is just above this current high, which makes it a perfect opportunity for me to move my SL to breakeven. Because after all, the entry price itself is the perfect SL for this trade.
Still believing in a bear market guys, wish me luck!
Entry/SL: 0.91444
TP: 0.90460