* Pair currently respects both top and bottom boundaries
* after stalling at the top, selling pressure is beginning
* My entry is slightly early at the neckline, but it allows me to have a slightly tighter stop
* after stalling at the top, selling pressure is beginning
* My entry is slightly early at the neckline, but it allows me to have a slightly tighter stop
Note
* Stop loss can be moved lower just above the lower high
* If pair breaks above the lower high, we can be concerned about the end of this down trend
~FinancialGamblR, or at least that's what they call us retail traders
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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.