Hello Traders!
KC1! is in a downtrend on the H4 and D1 timeframes based on my EMA's system.
Price action is consolidating between the EMA and the support line
Wait a bearish breakout candle accompanied by high volume, then place a Sell Stop order
There are two price target zones at 23x and 18x.
KC1! is in a downtrend on the H4 and D1 timeframes based on my EMA's system. Price action is consolidating between the EMA and the support line
Wait a bearish breakout candle accompanied by high volume, then place a Sell Stop order
There are two price target zones at 23x and 18x.
Trade active
Current view:
Selling pressure persists as price rebounds toward the resistance zone. Given yesterday’s high-volume bearish Pin Bar on the H4 timeframe, further downside momentum is highly expected today.
Technical:
We remain patient, waiting for a high-volume bearish H4 candle that closes near or breaks through the support level as our entry signal
Trade closed: stop reached
trailing stop - stop loss. RR ~ -0.9
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.