Currently, the Entry is set at 1.31716 as it was the highest point. Although it broke thru PRZ there was a reversal confirmation which validates the pattern.
Currently waiting for type 2 entry. Looking left at previous structure there is that probability that price will restest the entry level (resistance)
Entry - 1.31727
SL - 1.31900
Tp1 - 1.31127
Tp2 - 1.30649
If the price does restest at our entry level this would form a Double Top formation. I would, therefore, personally monitor this trade before engagement.
Currently waiting for type 2 entry. Looking left at previous structure there is that probability that price will restest the entry level (resistance)
Entry - 1.31727
SL - 1.31900
Tp1 - 1.31127
Tp2 - 1.30649
If the price does restest at our entry level this would form a Double Top formation. I would, therefore, personally monitor this trade before engagement.
Note
Price tested at the 1.3153 Zone level twice. Good indication of our sell zone
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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.