For educational purposes only.
- Price respected bearish trendline
- Price also respected resistance zone
- Spotted bearish flag pattern for potential downtrend move
- Wait for price action for confirmation before entering
Happy trading :)
- Price respected bearish trendline
- Price also respected resistance zone
- Spotted bearish flag pattern for potential downtrend move
- Wait for price action for confirmation before entering
Happy trading :)
Note
- price break flag pattern- looking for downtrend for pole completion
Trade active
- running 50 pips in profit- set breakeven and hold position
Note
- price currently at major resistance (blue zone)- a successful breakout will have more downtrend
Trade closed: target reached
- take profit reached- close with 200 pips
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.