1 Day bearish divergence and 4 hour bearish divergence on RSI combined with a head and shoulders pattern.
The blue line has been tested multiple times on log and had strong reversals.
My target is %5 profit.
Stoploss a little above the recent highs.
The blue line has been tested multiple times on log and had strong reversals.
My target is %5 profit.
Stoploss a little above the recent highs.
Trade active
You could take profits here if you want to. I'm going to turn this into a trailing stop and leave the whole trade active because of all the reversal signals. It's unlikely we reverse from a simple support level without some kind of reversal pattern.Trade closed: stop reached
Got greedy and stopped out in lots of profit. Looking for the next trade.EOS is in a nice rising wedge on log.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.