Weekly Chart:
1. Extremely Bearish Candle.
2. Closed below EMA 200
Daily Chart:
Friday - closed with a strong bearish candle, with rejection of high price at zone 1790
Watch out:
The Uptrend Line starting from May 2019 might react as a strong resistance
Trade Idea:
We are planning to wait for a price action sell signal around zone 1790-1810 in order to determine the right entry to join the Bears and consider to TP around expected zone 1740 or even lower 1680-1720
Stop Loss:
1. Always set your SL
2. I suggest that set SL orders above 1815
1. Extremely Bearish Candle.
2. Closed below EMA 200
Daily Chart:
Friday - closed with a strong bearish candle, with rejection of high price at zone 1790
Watch out:
The Uptrend Line starting from May 2019 might react as a strong resistance
Trade Idea:
We are planning to wait for a price action sell signal around zone 1790-1810 in order to determine the right entry to join the Bears and consider to TP around expected zone 1740 or even lower 1680-1720
Stop Loss:
1. Always set your SL
2. I suggest that set SL orders above 1815
Trade active:
Joined the Bears. SL set @ 1815.5
Trade closed: stop reached:
Hit SL