After the false breakout from the resistance level and retest of the descending trendline, price action is under a clear bearish momentum, getting back into the channel pattern.
Expecting that the price heads towards the support level from the channel allow the setup of a short position with the following features.
The order:
Type: sell-limit
S/L: 25 pips - R:R | 1:2.5 -
T/P: support level
--
*** If you like the idea, don't be shy, click on like and comment. If you disagree, just comment ;-) | Thanks for your support!!! ***
Expecting that the price heads towards the support level from the channel allow the setup of a short position with the following features.
The order:
Type: sell-limit
S/L: 25 pips - R:R | 1:2.5 -
T/P: support level
--
*** If you like the idea, don't be shy, click on like and comment. If you disagree, just comment ;-) | Thanks for your support!!! ***
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FEEL FREE TO CHECK MY SOCIAL NETWORKS FOR MORE MARKET INFORMATION 🇺🇸 🇪🇸
INSTAGRAM:
instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
TWITTER
twitter.com/ogfxtrader
FACEBOOK
facebook.com/ogfxtrader
INSTAGRAM:
instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
twitter.com/ogfxtrader
facebook.com/ogfxtrader
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.