Close of price as a high test bar below a tested level (at ~1.1050) in conjunction with the 8 ema resistance and an apparent "kiss of the trend line" after a break below close below prompts an aggressive set up to the short side with at least a 1:1 reward-risk profile.
entry - below low of high test bar
stop loss - above high of high test bar
target - at the next key support level around 1.0800
entry - below low of high test bar
stop loss - above high of high test bar
target - at the next key support level around 1.0800
Note
Today's inside bar still offers a short set up.entry - below low of inside bar
stop loss - above high of mother bar
target - as previous
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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.