- Strong Bearish Divergence with stochastic - Overbought - About to start leg C of the correction waves of a bearish Elliott Wave - On resistance area plus streong trendline tested 3 times over the last ~100 days
Exits : - S/L few pips above trendline and resistance area - T/P at 101.700 for R/R ratio = 2 if I see a sign of strong bearish candle I might drop it all the way to the next zone while moving my stop loss above the previous resistance area
Trade active
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Here we go
Trade closed manually
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lost confidence, price faced support on a support area with a rather bullish candle and the stochastic is oversold