Entry triggers:
1) bearish divergence (RSI HL and LL on the chart)
2) ending diagonals
3) 5 waves in
4) bounce at support
5) break of the horizontal resistance(trend line connecting 2 and 4)
6) retest
7) increase in volume
RR:3.29
Initial sl (initial protective stop set under slightly under wave 5, after the trade starts moving in our direction move it up)
tp: golden pocket on fib retracement
1) bearish divergence (RSI HL and LL on the chart)
2) ending diagonals
3) 5 waves in
4) bounce at support
5) break of the horizontal resistance(trend line connecting 2 and 4)
6) retest
7) increase in volume
RR:3.29
Initial sl (initial protective stop set under slightly under wave 5, after the trade starts moving in our direction move it up)
tp: golden pocket on fib retracement
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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.