If it is indeed a normal flat correction, legs a and b have already been completed and we'll be looking to catch the final leg, leg c of the sequence. Pair is showing signs of weakness at the top as well as bearish divergence on the Daily timeframe.
My personal details:
Short @ Entry: 1.5340, SL: 1.5440, TP: 1.4820, RR: 5.2
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
My personal details:
Short @ Entry: 1.5340, SL: 1.5440, TP: 1.4820, RR: 5.2
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
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not enough momentum so we might get another push up first...
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turning point at 1.5569?
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forming a shooting star at a key level