MRZ =multiple retest zone.
-After News 2030 hrs, USD weaken = DXY continue bearish sentiment.
-price unable to make new high, this further strengthen my bearish bias on UJ.
-i predict price may break lower trendline, opportunity to add more position.
trade idea:
-risk 1R ; TP Open.
Entry: 139.500 , SL 20pips
Trade management:
1. Price break LL, add position, risk : 1R
2. Price reject/retest LL, wait till bearish CS formed before enter. Conditions, CS must formed during active sessions , London/New York Sessions.
-After News 2030 hrs, USD weaken = DXY continue bearish sentiment.
-price unable to make new high, this further strengthen my bearish bias on UJ.
-i predict price may break lower trendline, opportunity to add more position.
trade idea:
-risk 1R ; TP Open.
Entry: 139.500 , SL 20pips
Trade management:
1. Price break LL, add position, risk : 1R
2. Price reject/retest LL, wait till bearish CS formed before enter. Conditions, CS must formed during active sessions , London/New York Sessions.
Everybody has a plan until they get punched in the face