Bearish Divergence shows the momentum of Bulls is getting low and a possible downward trend is expected.
Bearish Divergence plus an AB=CD pattern formation will reverse the trend.
I have taken two trades of 0.5% each. In this case, if I lose, I'll lose 1% max and if both trades TPs are hit, I'll make 1.5% so the overall reward is higher while at the same time booking the profit with one trade.
Bearish Divergence plus an AB=CD pattern formation will reverse the trend.
I have taken two trades of 0.5% each. In this case, if I lose, I'll lose 1% max and if both trades TPs are hit, I'll make 1.5% so the overall reward is higher while at the same time booking the profit with one trade.
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Trade plan cancelled due to the news
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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.