The price is not far from the resistance zone formed by 1.29700 and 1.3000 levels. The daily chart is going to provide us a triple top chart pattern. This pattern belongs to the reversal group, and we can expect that the price will be able to move downward soon.
The lower timeframe like the 1H allows us to use the trend line and a breakout signal for opening sell trades.
Entry Point: below 1.29480
Stop Loss: above 1.30015
Take Profit: at 1.28285
Risk per trade must be 1% of your capital.
The lower timeframe like the 1H allows us to use the trend line and a breakout signal for opening sell trades.
Entry Point: below 1.29480
Stop Loss: above 1.30015
Take Profit: at 1.28285
Risk per trade must be 1% of your capital.
Comment:
The market gave us another bearish signal based on a double top. The trade is active and it is in profit. Let's see how it will be further.
Comment:
it is possible to close the trade with profit.
Trade closed: target reached
💰COPY MY TRADES FOR FREE! Join 👉 bit.ly/41DKDBD
📣 Get Welcome Bonuses for 1st Trade 👉 bit.ly/bonus_bybit
💎 Share My BEST Trades here 👉 bit.ly/wubits
📣 Get Welcome Bonuses for 1st Trade 👉 bit.ly/bonus_bybit
💎 Share My BEST Trades here 👉 bit.ly/wubits