Price is now at a strong resistance level and note the hanging man (hammer @ resistance) which printed - this is the sell signal.
Conservative traders will wait for confirmation (bearish candle)
Aggressive traders enter @ market price usually. This is for increased risk to reward ratio so
I am in short @ market price 111.952 and
SL above the high @ 112.227 and
TP at support lower down (and the next if the market keeps paying) @ 111.346
As usual don't bet the farm, good risk management won't kill you but the lack thereof could :)
Follow me in forex Bootcamp using the Telegram link below
Conservative traders will wait for confirmation (bearish candle)
Aggressive traders enter @ market price usually. This is for increased risk to reward ratio so
I am in short @ market price 111.952 and
SL above the high @ 112.227 and
TP at support lower down (and the next if the market keeps paying) @ 111.346
As usual don't bet the farm, good risk management won't kill you but the lack thereof could :)
Follow me in forex Bootcamp using the Telegram link below