- RSI saw below 40 in previous weeks, this is a bearish signal for me.
- It's under 200 EMA, tried 2 times but cannot break it.
- It break the triangle.
This is a perfect bearish setup.
Let's see how it'll open this week, then target will be 0.90
For stop, you can follow 200 EMA for weekly close.
- It's under 200 EMA, tried 2 times but cannot break it.
- It break the triangle.
This is a perfect bearish setup.
Let's see how it'll open this week, then target will be 0.90
For stop, you can follow 200 EMA for weekly close.
Trade closed: stop reached