Hello Traders!
Following the initial decline, on the D1 timeframe, the short-term EMA crossed below the medium-term EMA, indicating a shift from an uptrend to a sideway. Price action is consolidating sideways along the long-term EMA and showing signs of pressure to move lower.
On the H4 timeframe, a clear downward trend with the three EMAs in the correct order. We place a sell stop order after the signal candle appears and wait for the trailing stop
Following the initial decline, on the D1 timeframe, the short-term EMA crossed below the medium-term EMA, indicating a shift from an uptrend to a sideway. Price action is consolidating sideways along the long-term EMA and showing signs of pressure to move lower.
On the H4 timeframe, a clear downward trend with the three EMAs in the correct order. We place a sell stop order after the signal candle appears and wait for the trailing stop
Trade active
Let's see
Trade closed: stop reached
closed with ~ 2R profit
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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.