The price action has reached a resistance level to form a possible double top. If price cannot break through the level, it will reverse towards the support level (dotted blue line), allowing to capture the downward movement a sell stop order could be set.
The order:
Type: sell-stop
S/L: 37 pips - R:R | 1:2.5 -
T/P: previous support level
--
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The order:
Type: sell-stop
S/L: 37 pips - R:R | 1:2.5 -
T/P: previous support level
--
*** If you like the idea, don't be shy, click on like and comment. If you disagree, just comment ;-) | Thanks for your support!!! ***
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FEEL FREE TO CHECK MY SOCIAL NETWORKS FOR MORE MARKET INFORMATION 🇺🇸 🇪🇸
INSTAGRAM:
instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
TWITTER
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FACEBOOK
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instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
twitter.com/ogfxtrader
facebook.com/ogfxtrader
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.