In this chart, we can see 2 trendlines which are blue and red. current market price is currently in the blue trendline level, and has broken out of the red trendline, there are signs that the price is about to go down. this is a scalping setup, where we take sell TP at ema50 M30. If the price continues to rise and hit our SL, we can wait in the sell watching zone to look for another opportunity to sell.
Trade closed: stop reached:
NFP news impact... SL hitted