Down-Trend. Price at the upper band of regression line. And overbought conditions. Potential bearish engulfing pattern
Comment
⋅
Bearish engulfing overbought and downwards sloping indicator.
Comment
⋅
I trail it until 2.773 and took profit there! When you see momentum kick in TRAIL! Improve the R/R ratio if you can. (Discretionary decisions requires a little bit of experience and it can worsen the expectancy of a system)
Comment
⋅
A discretionary trick that I use sometimes. I measure back 144 candles and then I find the last swing high or low and measure the volatility based on the ATR tool of tradingview to find potential targets. Then I set targets couple of pips less than the measurement.