After hit a supply zone on a daily time frame, price has consolidate
Also a bearish pin bar was formed meaning that traders are rejecting the 1.75 level. This comes in line with the bearish divergency between price and the RSI
I will place a sell limit order on the 50% retracement of the bearish pin bar with a stop loss just above the high. This way i can get a better RR
Target is 1.7279
Also a bearish pin bar was formed meaning that traders are rejecting the 1.75 level. This comes in line with the bearish divergency between price and the RSI
I will place a sell limit order on the 50% retracement of the bearish pin bar with a stop loss just above the high. This way i can get a better RR
Target is 1.7279
Trade active
Trade closed: stop reached
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