We have a valid short setup on EURGBP 240MINS chart with a potential 2:1 Reward to Risk ratio.......... 1. We have a verified supply zone that price has tested twice and it held. 2. We have SMA 200 a dynamic resistance in this case also in this zone to form a strong confluence. 3. Price has tested this confluence zone and reversed without a successful bullish breakout and it has reversed to form an inside bar which we already have a breakout of that inside bar pattern...... OUR ENTRY IS A SELL STOP AT THE LOW OF THE INSIDE BAR BREAKOUT CANDLE. STOPLOSS IS ABOVE THE HIGH OF THE MOTHER BAR TARGET IS 2:1 RRR TRADE MANAGEMENT :- We will reduce our risk on the trade by half once price move 1 times our risk in our favour and we will move remaining stop to breakeven once price move 1.5 times our risk and we await for the final target....... GOODLUCK........
订单已取消
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This pending sell trade is now invalid and cancelled because price moved above our inside bar price action pattern and price might be breaking the zone to the upside.......