Please OBSERVE the price action when the price touches the trend line.
You can short it now if you are agressive but it's not the best choice to me.
There is also an intersection point of 1.618 resistance and the trend line. (Apr 21th to Apr 22th)
So WAIT. see the bearish price action on 1.1510.
You can short it now if you are agressive but it's not the best choice to me.
There is also an intersection point of 1.618 resistance and the trend line. (Apr 21th to Apr 22th)
So WAIT. see the bearish price action on 1.1510.
Note
Excellent bearish price action on 4H chart. SHORT at 1.1510.
STOP LOSS is 1.1550.
Target point 1 is 1.14114
Target point 2 is 1.13360
Trade active
Enter at 1.1511Trade closed: stop reached
Stopped at 1.1550Note
OBSERVE 1.1540. If the price does not break out this level efficiently, like 3 consecutive PIN BAR on 1H chart. I will re-enter.If the price break 1.1540 efficiently, wait for chances to LONG.
Note
Enter at 1.1593Stop loss is 1.1630.
Note
WATCH 1.1530
There maybe another chance to SHORT
Note
TP1 Hit, you may close part of your position
Note
Note
GETTING CLOSE
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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.