Entry Reason: Price rejection near recent swing high with formation of lower high structure. Bearish engulfing candle formed at resistance zone, confirming potential downside move. RSI showing bearish divergence and crossing down from overbought area, indicating loss of bullish momentum.
Entry Level: 2.08180
Stop Loss: 2.08519 (Above resistance)
Take Profit: 2.07540 (Near previous support level)
Risk Management: Risk-to-Reward ratio aligned with trade plan. Position size adjusted according to account risk percentage.
Entry Level: 2.08180
Stop Loss: 2.08519 (Above resistance)
Take Profit: 2.07540 (Near previous support level)
Risk Management: Risk-to-Reward ratio aligned with trade plan. Position size adjusted according to account risk percentage.
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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.