BEARISH BAT PATTERN AHEAD; The cross is lateralizing in the last couples of months.
Arrows and circles show the most significative areas of fighting btw sellers and buyers. In my opinion there is a main down-trend with 2 abcd's in formation. The idea will be confirmed if the price breaks the 12.3€.
Everything on the chart. First of all waiting for the validation of the pattern.
R/R 1.3. entry level: 14.68€ stop loss: 13.77€ After the previous entry at level prox. at 14€, i'll set an order if the price gets in the green area indicated on the chart. The idea is to enter in order to see the price getting at least at level 15.77€.
short trade. The price has tested 4 times the level prox. at 1.16. Rsi divergence (m view)
R/R >=1.5. Use of trailing stop technique.
R/R 1.3 (adjusted)
R/r >1.6 entry level close to the retest of the resistance neckline of a previous ascendent triangle