Took this trade for several reasons.
This pair has come up to a very strong resistance level on the daily and 4 hour chart.
Price action has formed a double top.
We also have an inside day candle set up with the second candle being a bearish hammer.
I have sold the break of the low of this inside day setup.
This pair has come up to a very strong resistance level on the daily and 4 hour chart.
Price action has formed a double top.
We also have an inside day candle set up with the second candle being a bearish hammer.
I have sold the break of the low of this inside day setup.
Note
Target smashed. Very successful trade.
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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.