This just looked like a good setup.
We have a break to the down side followed by the retracement back up into previous consolidation.
Looking back the market has already shown a strong reaction at these levels so I'm expecting price to push back down and retest the lows at 1.52650.
Anyway with a R/R Ratio of 1.74, I only have to be right 50% of the time and I will still profit from these setups...
Happy Trading
We have a break to the down side followed by the retracement back up into previous consolidation.
Looking back the market has already shown a strong reaction at these levels so I'm expecting price to push back down and retest the lows at 1.52650.
Anyway with a R/R Ratio of 1.74, I only have to be right 50% of the time and I will still profit from these setups...
Happy Trading