BEARISH PATTERN, BE SHORT, BUT CONSERVE WISELY.
I did not include the MACD Indicator and the RSI (7)
MACD is showing a SELL signal at the blue box peak of the pattern.
RSI is showing Showing HIDDEN DIVERGENCE. Take this into consideration as it plays a key role,
In trend reversal that is! Put these indicators on your charts and you will see!
Have a good one.
CharlieFX
I did not include the MACD Indicator and the RSI (7)
MACD is showing a SELL signal at the blue box peak of the pattern.
RSI is showing Showing HIDDEN DIVERGENCE. Take this into consideration as it plays a key role,
In trend reversal that is! Put these indicators on your charts and you will see!
Have a good one.
CharlieFX
Trade closed manually:
Closed @ 123.032 >> 240pips TP
Another Pattern was spinning up.
Another Pattern was spinning up.
Although for this case, I am conservative.