According to the D1 time frame with EMA20, the price reaches the main resistant area.
There would be a good position to place a short order, if the price could not go beyond the resistant area (Stop loss area).
For the short order, the price itself could trace back to the original position where it was (D1 time frame, Take profit area). Anyway, still waiting for the price to break the orange line (just to be confirmed for bearish trend)
Good luck
There would be a good position to place a short order, if the price could not go beyond the resistant area (Stop loss area).
For the short order, the price itself could trace back to the original position where it was (D1 time frame, Take profit area). Anyway, still waiting for the price to break the orange line (just to be confirmed for bearish trend)
Good luck
Comment:
Still waiting for the price
Trade active:
1.18303
Comment:
I would place another short order, once the price went below the orange line.
Comment:
Trade still actives, since the closed price of H1 still does not break the stop loss area.
Comment:
Nicely move :)
Trade closed: stop reached:
The price reached the stop loss area.