Revisiting this pair again but with more value and a bit closer to a significant structure level.
The level we have marked has shown some strenght and has been respected as resistance for a while now and so after some heavy bearish price action candle formation, I have spotted this as an entry candle.
My entry candle is the bearish rejecton candle before by position tool was added.
I have gone for a 1:3 risk to reward to manage my risk.
Best of luck on the charts !!!
The level we have marked has shown some strenght and has been respected as resistance for a while now and so after some heavy bearish price action candle formation, I have spotted this as an entry candle.
My entry candle is the bearish rejecton candle before by position tool was added.
I have gone for a 1:3 risk to reward to manage my risk.
Best of luck on the charts !!!
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.
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.