After a long time of consolidation, it forms a double tops signalling end of consolidation, a break and close below the support level at 0.92631, signals sell
Confirmation: rsi creates lower low and macd creates strong bearish candle.
Then I would enter a short sell position @0.92530 with target @0.92059 and stop loss @0.92746. let me know you opinions on this and leave a like if you agree. Let's see how it goes.
Confirmation: rsi creates lower low and macd creates strong bearish candle.
Then I would enter a short sell position @0.92530 with target @0.92059 and stop loss @0.92746. let me know you opinions on this and leave a like if you agree. Let's see how it goes.
Trade active:
Trade has been activated with a strong and aggressive bearish candle breaking below the pivot point and rallying to the S1, if S1 breaks then tp holds, otherwise we look for retest at the pivot point, of which if holds we would take another entry.
Trade closed: target reached:
tp hit with momentum