The pair has formed a bearish 'butterfly' which is accompanied by decreasing RSI highs. TP1 and SL1 are quite marginal and undergo huge change.
*Disclaimer: this is for educational purposes only*
*Disclaimer: this is for educational purposes only*
Note
Good SL can be estimated by using the 1H chart.
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.