We have a descending triangle which is a nice topping formation. The price action is currently touching the top of the triangle. Both Stoch and RSI are oversold. Aggressive traders can go short now with stops above the swing high. I personally will go short only on a break below 1.17250. Take profit levels are shown on the chart. Good luck guys!
Commodore loves you! :)
Commodore loves you! :)
Trade active:
Let's short this to the ground guys!
Comment:
The price movement was rejected at the bottom of the triangle, and we now seem to have broken to the upside. There's something fishy to note about this though: the upward movement is on very light volume and it doesn't seem legit to me. Don't be fooled into going long. Let's wait for more clarity
Comment:
Well, I said something about the increase in price being dubious, didn't I? :D
Comment:
My shorts were triggered and it's really fine
Comment:
Currently in the first take profit region
Trade closed: target reached:
First target reached and exceeded. Congrats!
Trade closed: target reached:
Second target reached. Congrats! :)