Entry: 5.209 USD (65% Fibonacci retracement of the last H1 swing)
Stop Loss: 5.366 USD (just above the recent swing high and slow EMA)
Take Profit: 4.894 USD (161.8% Fibonacci extension)
Trend: Clear downtrend on both 1 h and H4 – lower highs/lows
EMA Alignment: Price below fast (10) & slow (26) EMAs, both EMAs sloping downward
Momentum: RSI and MACD bearish, confirming selling pressure
Risk/Reward: ~1 : 2
Stop Loss: 5.366 USD (just above the recent swing high and slow EMA)
Take Profit: 4.894 USD (161.8% Fibonacci extension)
Trend: Clear downtrend on both 1 h and H4 – lower highs/lows
EMA Alignment: Price below fast (10) & slow (26) EMAs, both EMAs sloping downward
Momentum: RSI and MACD bearish, confirming selling pressure
Risk/Reward: ~1 : 2
Trade closed: stop reached
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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.