FCPO 12 Oct 2021 : Breakout EMA50

1. Yesterday 15min CS have a reversal pattern with bearish engulfing @ 5min TF.
2. Today's price has a valid breakout of EMA50. there are 2 possibilities when price breakout EMA50 :
i) Bigger sideway range
ii) Continue downtrend
3. Signal: 1st pullback after a breakout
4. Entry: After bearish engulfing @5min + 15min Bearish engulfing
5. SL: 10tick above highest pullback CS.
6. TP: target support area / until 15min have reversal CS.

TAYOR

Commento:

Triangle formation.. Which direction break?

Commento:

Another Bearish engulfing.. entry chance

Commento:

TP as trading plan..

Commento:

Re-entry sell for tommorow