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In my previous analysis I explained the reasons I believe the market is going to fall down soon, you could check it out on my "Link to Relates Ideas" or clicking on the link below:
Let's focus now only on the area that interests us:
As we can see, the price reached an important resistance zone, that rejected the price many time in the past. It actually created a clear Bearish Tweezer Candlestick Pattern;
IF THE PRICE will continue on the same trend (let's wait the next candle to have a confirmation before opening any position), you could place a short trade:
ENTRY POINT: 0.76500
TAKE PROFIT: 0.76153
STOP LOSS: 0.77437
RISK/REWARD RATIO: 1.53
In my previous analysis I explained the reasons I believe the market is going to fall down soon, you could check it out on my "Link to Relates Ideas" or clicking on the link below:
Let's focus now only on the area that interests us:
As we can see, the price reached an important resistance zone, that rejected the price many time in the past. It actually created a clear Bearish Tweezer Candlestick Pattern;
IF THE PRICE will continue on the same trend (let's wait the next candle to have a confirmation before opening any position), you could place a short trade:
ENTRY POINT: 0.76500
TAKE PROFIT: 0.76153
STOP LOSS: 0.77437
RISK/REWARD RATIO: 1.53
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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.
Related publications
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.