Structure: Downtrend Moving Average: 15 EMA Death Cross 50 SMA, possibly test 200 SMA Trendline: Going to test Daily TF Uptrend Line Support Pattern: Double Top / Triple Top Trigger: Multiple Attempts fail to break 123, Bearish Reversal candles formed Resistance: 122.30, 122.70 Support: 121, 120.17
Wait 1H Reversal Candle to go short, expect a minimal correction to 200 SMA Entry Area: 122.20 - 122.40 SL: 123 1st Target: 121.20 2nd Target: 120.20
Trade active
Since the entry price is quite good, we can move SL to Breakeven and enjoy the risk-free run.
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