Background: - Double bearish reversal candle/shooting star formed near the 50MA resistance - Bearish price action also happened after testing of the 1.56 resistance (which originated from 2015 low formed in early dec 0.98% 2015)
Entry: - Sell stop set at 20 Pips below the low of yesterday shooting star @ 1.533
SL: - Set at 1.62 (slightly above round number 1.6)
PT: - Previous swing low @ 1.038
Note: - At this point of writing, the set up has been triggered.
أغلقت الصفقة: تم الوصول لوقف الخسارة
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Updates - 12 Jan 2017: - Aiks stopped out - Price started off bearishly but eventually reversed and formed bullish reversal candle - I think most likely is due to my tight loss (maybe set above the entry candle high, I would still in play) - Definitely a set up to be revisit again!!