Hi everyone, I'm looking for a nice sell opportunity in EA for some reasons:
- If we see weekly chart, you can see that there are a lot of rejection from 1.5850(we didn't close for one month above that level)
- if we see daily chart, in 5 March we made new lows, and March 18 we spiked on that level (sort of double top) before going down.
- Today we can see clearly that we had a rejection from that trendline and just price repeats it's self we are spiking towards that level but we're having trouble passing that level.
- 1.59600 , if we close daily above that level , that will invalidate my entry otherwise I'm in this trade with a big stoploss cuz of huge
opportunity 200 - 300 pips or more.
- if we see 4h we can see that we're having a lot of spinning tops, dojis - meaning that the trend is slowly ending.
Trade safe guys!
- If we see weekly chart, you can see that there are a lot of rejection from 1.5850(we didn't close for one month above that level)
- if we see daily chart, in 5 March we made new lows, and March 18 we spiked on that level (sort of double top) before going down.
- Today we can see clearly that we had a rejection from that trendline and just price repeats it's self we are spiking towards that level but we're having trouble passing that level.
- 1.59600 , if we close daily above that level , that will invalidate my entry otherwise I'm in this trade with a big stoploss cuz of huge
opportunity 200 - 300 pips or more.
- if we see 4h we can see that we're having a lot of spinning tops, dojis - meaning that the trend is slowly ending.
Trade safe guys!
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.
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.