Market Structure: Downtrend
Area of Value: Resistance. Reversal
Entry: Reversal confirmed by RSI divergence
Exit if Right: 2 tranches on possible resistances
Exit if Wrong: below historical support
RRR: 1:2
Confluence: D1 chart respects the support the level, if the bearish pattern/downtrend continues, we will still win on a 1:1 ratio as we are waiting for a rally.
Area of Value: Resistance. Reversal
Entry: Reversal confirmed by RSI divergence
Exit if Right: 2 tranches on possible resistances
Exit if Wrong: below historical support
RRR: 1:2
Confluence: D1 chart respects the support the level, if the bearish pattern/downtrend continues, we will still win on a 1:1 ratio as we are waiting for a rally.
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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.
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.