Price action has got a rejection from a resistance level, unable to form a new high the structure created a double top pattern. The current situation allows the placement of a short entry to capturing the coming bearish momentum.
The order:
Type: sell-stop
S/L: 42 pips - R:R | 1:2 -
T/P: ascending trendline
--
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The order:
Type: sell-stop
S/L: 42 pips - R:R | 1:2 -
T/P: ascending trendline
--
*** If you like the idea, don't be shy, click on like and comment. If you do not agree, 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.