if the price closed below the baseline and the local trend line
we can set our short position. the target is around red zone on the chart.
closing above 1.059 has more chance to test upper level around 1.072.
so you can manage your stop loss based on those levels.
Enjoy the market #WOMAN. LIFE. FREEDOM
Trade active
........... considering resistant level 1.072 tested the strategy is the same but our base line removed to 1.059 level. if the price closed below our base line this strategy will be validate.
Trade active
............ our condition is the same. the baseline is our confirmation drop if breaks.
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.