After a few weeks forming an inside bar formation, CADJPY make a movement and break out it to confirm a sell signal. For detail, you can see CADJPY weekly chart below:
Why this break out so important:
1. it break the inside bar formation
2. it break the support level
3. it break the 200 MA and close below 200 MA (bearish sign)
Here is my trading set up:
1. i'll open sell when the market open next monday
2. my stop loss will be at the high of previous bull candle (about 350 pips)
3. i use 1:2 risk reward ratio
you can see my trade set up below:
0 komentar:
Post a Comment