The market made a strong upward movement. We have a trend reversal signal based on a bearish divergence at 1.77000 resistance zone. RSI confirms the price reversal. MACD supports a further downward movement. We have a possible sell opportunity.
Entry Price: below 1.76280
Stop Level: above 1.77155
Profit Level: at 1.74075
Risk per trade must be no more than 1% of your capital. If the price breaks 1.75500, it will be possible to move stop orders to breakeven.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Entry Price: below 1.76280
Stop Level: above 1.77155
Profit Level: at 1.74075
Risk per trade must be no more than 1% of your capital. If the price breaks 1.75500, it will be possible to move stop orders to breakeven.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Comment:
The trade was closed by stop. But we have the same sell opportunity. The entry point and targets can be the same but the stop orders should be placed above the new swing high.
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