Hi all,
I just got introduced to this thread - great stuff. I've been away from this sort of trading for a while since I didn't have much success but your posts have re-inspired me!
I have what I thought was a possible setup on the USD/JPY (1H) - switched to a 30minute saw an evening star bounce off the trendline (circled in pink) but it didn't go as bearish as I thought it would and now its broken through the trendline.
I did not trade this though the 105.07, 104.73 and 104.22 levels are what I would have placed for my Stop, Entry and Limit based on a R:R of 1:1.5.
Could someone please validate or critique this setup?
Many thanks...
I just got introduced to this thread - great stuff. I've been away from this sort of trading for a while since I didn't have much success but your posts have re-inspired me!
I have what I thought was a possible setup on the USD/JPY (1H) - switched to a 30minute saw an evening star bounce off the trendline (circled in pink) but it didn't go as bearish as I thought it would and now its broken through the trendline.
I did not trade this though the 105.07, 104.73 and 104.22 levels are what I would have placed for my Stop, Entry and Limit based on a R:R of 1:1.5.
Could someone please validate or critique this setup?
Many thanks...