Price currently at the top of a resistance level & wedge pattern. Going off of technical analysis i'm seeing this pair dropping long term, so a nice opportunity to get involved. Will be putting SL to break even if i get a nice drop. If it pushes beyond the resistance level then I will close the trade manually for a small loss. Good luck :)
Note
Entered this trade after the engulfing candle which came straight after the double top. My stop loss is at break even & going to just ride the wave now & hopefully hit targets. First target will be 1.49515 & after that 1.48000Note
Trade active
Price consolidating now & forming a nice bearish flag. If it breaks out to the downside then it should hit the second target. If it breaks to the upside, then be prepared for a reversal.
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.
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.