The pair has been showing weakness for some time through RSI divergence.
On hourly chart it printed the indecision candle followed by two red candles. This gives us the cue for bearish momentum.
Since we need multiple reasons to short sell so we identify the recent low and if the price goes lower than this than we initiate a short trade.
For ready reference the TPs have been marked on chart.
wishing you a PROFIT-able trading.
On hourly chart it printed the indecision candle followed by two red candles. This gives us the cue for bearish momentum.
Since we need multiple reasons to short sell so we identify the recent low and if the price goes lower than this than we initiate a short trade.
For ready reference the TPs have been marked on chart.
wishing you a PROFIT-able trading.
Trade active
TP1 hitTrade closed: target reached
TP2 also hit
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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.