What's up guys !
Making some reasearch for next week trading days I discovered this nice pattern.
We have here an opportunity to go short, the pair and my idea is helped aslo by general down trend on daily TF, on H4 the 200 EMA will act as a dynamic resistance, also you can se that last time when the price come in this area was rejected.
Personally I'm already on this trade because I saw it as a nice trade, I say also an important area who act as a S/R but also as a S/D that can bring me at least 3:1 R/R, depends on you and your money management, your appetite for risk and also how much time ussualy you stay in a trade.
Please let me know if you see an other idea here, probably you can see a nice long.
Following me and hitting that like button it help me a lot !
Have a good day and nice weekend !
Making some reasearch for next week trading days I discovered this nice pattern.
We have here an opportunity to go short, the pair and my idea is helped aslo by general down trend on daily TF, on H4 the 200 EMA will act as a dynamic resistance, also you can se that last time when the price come in this area was rejected.
Personally I'm already on this trade because I saw it as a nice trade, I say also an important area who act as a S/R but also as a S/D that can bring me at least 3:1 R/R, depends on you and your money management, your appetite for risk and also how much time ussualy you stay in a trade.
Please let me know if you see an other idea here, probably you can see a nice long.
Following me and hitting that like button it help me a lot !
Have a good day and nice weekend !
Trade closed manually:
I decide to close the trade, hope you manage to enter in this trade and make some profit, overall we are good !
Have a wonderfull weekend !
Have a wonderfull weekend !