Structure Based Short With Trendlines

After the flag breakout, we moved down making a lower low. We have now retraced 61.8% to retest the flag breakout area (small red zone) and also a higher time frame trend line (yellow ray). This gives us a decent short if you missed the first move. SL can either go above the retest zone for a great RR or above the high for a good RR!

Trade ist aktiv:

It's making a strong down move. Let's hope the candle closes as bearish as it is now!

Kommentar:

Very close to targets now. I am going to close the trade before NFP if it hasnt already hit targets just to be safe

Trade wurde manuell geschlossen:

Alright closed it out before NFP, want to make sure I'm locking in profits