Perfect Bearish Engulfer into array of moving averages and rejection of retest 4H resistance. Fanned out moving averages into downtrend as well. Place sell stop. Exit @ 2 parts strategy. 2nd tp 2:1 RR.
MichaelV2 hours ago
- Rejection from the highest point of the bearish trend
- Retesting 1H 50 ema and 200 ema
- If price BCR the tripwire on the 15min tf, with 3 healthy bearish candles with lower lows then there is a nice POLR to the downside. I wil take the short then to the S&D around 123.169
- Stop above retest high
Any comments are most welcome
Holdo232 hours ago
Gold Short just for educational purposes
Looking for feedback - piggy backing the idea from the weekly report. however i would like advice on how my chart looks and reasoning for entry stop and tp.