On the monthly March showed momentum was slowing down and i was expecting April to reflect this with kijun resistance at 56.80. April ddnt give us much in terms of bearish signals. Then right at the end on the 29th we had a peculiar looking bearish abandoned baby and a strong bearish candle the day after with good volume. Since 56.80 is the inflexion point, i will put a sell order on break of that level.
Entry: 56.70
SL: 59.90
TP: 47.05
R: 3
Entry: 56.70
SL: 59.90
TP: 47.05
R: 3
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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.