(Weekly) - Price hit previous extreme high at (1.85932 - 1.87820) and was rejected forming double top neckline at (1.81470 - 1.80561) .
(Weekly) - Previous Week Candle Close is Shooting Star showing sellers taking action at Key Resistance level.
(Daily) - Price formed double top inside our resistance level at (1.85932 - 1.87820).
(Daily) - Price broke double neckline at (1.85533 - 1.85774).
(H4) - Price was in distribution at (1.86602 - 1.85774).
(H4) - Rising Trendline that price broke connecting (1.80561 - 1.86011).
Trade Entry.
(H4) - Wait for price to retest our daily double top neckline & low of the distribution at (1.85533 - 1.85774) to join the reversal.
(H4) - Take profit at Weekly Double Top Neckline at (1.81470 - 1.80561).
(Weekly) - Previous Week Candle Close is Shooting Star showing sellers taking action at Key Resistance level.
(Daily) - Price formed double top inside our resistance level at (1.85932 - 1.87820).
(Daily) - Price broke double neckline at (1.85533 - 1.85774).
(H4) - Price was in distribution at (1.86602 - 1.85774).
(H4) - Rising Trendline that price broke connecting (1.80561 - 1.86011).
Trade Entry.
(H4) - Wait for price to retest our daily double top neckline & low of the distribution at (1.85533 - 1.85774) to join the reversal.
(H4) - Take profit at Weekly Double Top Neckline at (1.81470 - 1.80561).
Trade active
Trade Management.1.Move SL to BE for those who took to the trade at (1.85533 - 1.85774).
2. Second Entry for those who missed this A+ Setup at (1.84862 - 1.84699) a Major Swing Low That Price Recently Broke Wait for the Retest to add to a WINNING Position.
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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.