EUSTX50 POTENTIAL SELL OPPORTUNITY
Updated
Hello Everyone!
How are you all?
EUSTX50 is an instrument to watch this week, because it has shaped up very nicely for a bearish trend reversal that we can capitalize on.
So, I will be looking for a bearish reversal because of the following reasons:
1. Double top.
2. The price has approached the value area structurally..
3. The price has swept the high and rejected
Game Plan:
If the price pushes down impulsely followed by a 15mins flag with two highs and lows.
Entry : will look for a risk sell entry within the flag or a reduced risk entry on the breakout of the flag.
How are you all?
EUSTX50 is an instrument to watch this week, because it has shaped up very nicely for a bearish trend reversal that we can capitalize on.
So, I will be looking for a bearish reversal because of the following reasons:
1. Double top.
2. The price has approached the value area structurally..
3. The price has swept the high and rejected
Game Plan:
If the price pushes down impulsely followed by a 15mins flag with two highs and lows.
Entry : will look for a risk sell entry within the flag or a reduced risk entry on the breakout of the flag.
Trade active
Trade closed: target reached
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