I'm trying out a new strategy. We are under the 50ema on the 3 hour chart. We have now two bearish engulfs that are sandwiching a bull candle under the 50 ema , this is the signal to short.
Under 50ema - Bull - Bear Engulf - Bull - Bear Engulf
I have two positions. Target 1 is based on structure. Target 2 will remain open until I see a red candle close after target 1 is reached. Stops on target 2 will move to a little better than break even if Target 1 is hit.
Under 50ema - Bull - Bear Engulf - Bull - Bear Engulf
I have two positions. Target 1 is based on structure. Target 2 will remain open until I see a red candle close after target 1 is reached. Stops on target 2 will move to a little better than break even if Target 1 is hit.