Market Structure: Uptrend approached Resistance (2013) RSI Divergence
Area of Value: rejection of price in RES
Entry: Bearish candle
Exit if Right: Pullback on ema
Exit if Wrong: 1 atr above recent high
RRR: 1:2
If it bounce on pullback, we can have a long position for TF set up
Area of Value: rejection of price in RES
Entry: Bearish candle
Exit if Right: Pullback on ema
Exit if Wrong: 1 atr above recent high
RRR: 1:2
If it bounce on pullback, we can have a long position for TF set up
Note
Note: This is not my usual set up. We just want to ride the possible retracement of the market. Once TP1 is reached, close half your position then Set SL to entry.
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.