786 RETRACEMENT TREND FOLLOWING TRADE

We got a .786 retracement following break of structure to the downside. Price didn't break our previous highs so trade still valid. Looking at targets back down at structure offering us up a risk reward of close to 1:2. Probability suggests it just about wont come but the Risk reward is such that these trades are worth taking.

Kommentar:

Clearly a few more factors must be considered before taking this trade but the bare bones of the justification for entry can be seen. Thanks.