We have price moving in what i would class as a retracement. I am looking at short term movement in this picture, price is showing potential to sell for at least 100 pips. Stop loss has been marked, if price moves to our stop loss it invalidates this pattern. Take profit has also been marked.
It's very important that you manage your risk. DO NOT risk more than 2% on this trade or any trade for that matter. Capital preservation should be your first priority.
It's very important that you manage your risk. DO NOT risk more than 2% on this trade or any trade for that matter. Capital preservation should be your first priority.
