after some upside movement, price back to resistant level.
we can try to catch another potential downside movement.
But for this, we need some confirmation. we need to wait price to break minor support on the red zone, after that we take a short on pullback.
RSI also shown overbought
SL above the high. targer on chart
we can try to catch another potential downside movement.
But for this, we need some confirmation. we need to wait price to break minor support on the red zone, after that we take a short on pullback.
RSI also shown overbought
SL above the high. targer on chart
Note
Trade closed: stop reached
Patternception
channel : t.me/patternception
instagram : @patternception
channel : t.me/patternception
instagram : @patternception
Related publications
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.
Patternception
channel : t.me/patternception
instagram : @patternception
channel : t.me/patternception
instagram : @patternception
Related publications
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.