Hello,
We are waiting for the Right Shoulder's minor uptrend to break, for a retest into a short position towards the neckline. Potential R:R 1:4, during 2nd leg down after retest I am taking half profit and waiting for a minor break of structure to add additional short positions in the formation of a lower high and move SL to above the last lower high.
Will be updating after break of trend.
PS. Not financial advice, this is for my own documentation and shared education.
We are waiting for the Right Shoulder's minor uptrend to break, for a retest into a short position towards the neckline. Potential R:R 1:4, during 2nd leg down after retest I am taking half profit and waiting for a minor break of structure to add additional short positions in the formation of a lower high and move SL to above the last lower high.
Will be updating after break of trend.
PS. Not financial advice, this is for my own documentation and shared education.
액티브 트레이드:
Short position taken after the retest.
코멘트:
Second entry added on the lower timeframe with a 1:5 RR at 1.616 - 20SL-100TP
코멘트:
Running 50+ pips in profit
