After putting in a Lower Low, Lower Close on Monday, we should expect to see continued movement to the downside. The question is, How can we get involved. Well during yesterdays Live Trading Room, we discussed waiting for a pullback up into previous structure support which should now act as resistance and then build up a case for entry.
We now have price action right in our kill zone which has Ratio confluence, an advanced pattern and RSI is over sold. Aggressive traders would be looking to enter at market whilst more conservative traders may be waiting for a retest of structure with RSI divergence.
Either way, this trade offers extremely good risk reward.
Good Luck
Comentários
OsamaAbouzeid
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I have exit at this area
PateSkpate
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I liked it.. Had a high CTS score in my book.
Alexander_Nikitin
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B-point is less then 0,5XA. At least with my quotes...
Kjetil_Johannesen
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Certainly looks to be going in your favour, Jason. :)
I was looking at this as well, however my A-B didn't quite reach up tp my 50% fib, so I didn't take it.
Are you "flexible" on this, or is this a case of different datafeed perhaps?
JakeSummers4x
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Missed this.. great trade though for those who took it.
RobinOphion
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Wow, didn't expect it to get there so early! Luckily I was awake, been eyeballing this all week!
Adil-khan
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i did not get the SL ,, did you took 1 atr sl or it is a Fixed pit sl