The daily chart looks like the price has bounced off a 5 times tested resistance line.
4Hr chart has crossed through a 200 day SMA confirming a bearish trend
4Hr bearish confirmed by passing through ichimoku
1Hr stochastic RSI signal lines are about to cross and indicating a price reversal... the % lines are also near the 50.00 range
It looks like the price has pulled back and now ready to tank
Entry: 123.695
SL: 124.427
TP1: 122.601
TP2: 122.148
4Hr chart has crossed through a 200 day SMA confirming a bearish trend
4Hr bearish confirmed by passing through ichimoku
1Hr stochastic RSI signal lines are about to cross and indicating a price reversal... the % lines are also near the 50.00 range
It looks like the price has pulled back and now ready to tank
Entry: 123.695
SL: 124.427
TP1: 122.601
TP2: 122.148
Trade closed: target reached
Hit TP1 (105 Pips)Trade closed: target reached
Trade closed at 122.939 (75 Pips)
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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.