Hello Everyone!
How are you all?
EUSTX50 is an instrument to watch this week, because it has shaped up very nicely for a bearish trend reversal that we can capitalize on.
So, I will be looking for a bearish reversal because of the following reasons:
1. Double top.
2. The price has approached the value area structurally..
3. The price has swept the high and rejected
Game Plan:
If the price pushes down impulsely followed by a 15mins flag with two highs and lows.
Entry : will look for a risk sell entry within the flag or a reduced risk entry on the breakout of the flag.
How are you all?
EUSTX50 is an instrument to watch this week, because it has shaped up very nicely for a bearish trend reversal that we can capitalize on.
So, I will be looking for a bearish reversal because of the following reasons:
1. Double top.
2. The price has approached the value area structurally..
3. The price has swept the high and rejected
Game Plan:
If the price pushes down impulsely followed by a 15mins flag with two highs and lows.
Entry : will look for a risk sell entry within the flag or a reduced risk entry on the breakout of the flag.
Trade active
Trade closed: target reached
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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.
Related publications
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.