Price action on daily gives signs of bearishness:
* lower highs
* interaction with previous support/resistance
* interaction with upper linear regression channel
* bearish reversal candle
Stop loss above the daily high on the 11th June 0.7494
Initial profit taking of roughly 1.5:1 reward to risk around the mean of the linear regression channel.
Confirming details on lower timeframes, although not covered in the video.
* lower highs
* interaction with previous support/resistance
* interaction with upper linear regression channel
* bearish reversal candle
Stop loss above the daily high on the 11th June 0.7494
Initial profit taking of roughly 1.5:1 reward to risk around the mean of the linear regression channel.
Confirming details on lower timeframes, although not covered in the video.
Trade closed: target reached
Going for the 1:1 reward:risk, this trade has closed out
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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.