Pair rejected the 1.07630 - 1.0750 level forming a bearish engulfing pattern in conjunction with a bearish RSI divergence. It also broke the latest bullish trend line. Took a short position with first target the 1.0740 - 1.0700 area.
Note
Level rejected is 1.07630 - 1.07750. Sorry for the mistake.Trade closed: stop reached
Unfortunately I was whipped out. Stop loss was hit. The rationale behind the trade is still validTrade active
Short opened again @ 1.07475
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.