Hi everyone,
In my opinion there is a bear flag formation, which has been bouncing in the edges 5 times, so it is likely to break down. I will wait for a short time frame candle closing below the flag and an increase of volume in order to execute this trade , so there is not an exact short entry point, but would be around 1.00855 .
Short entry: 1.00855 (Aprox.)
TP1: 1.00050
TP2: 0.99591
SL 1.01385
*Not financial advise, just sharing my ideas :)
Feel free to give your feedback/opinion. Thanks for reading!
In my opinion there is a bear flag formation, which has been bouncing in the edges 5 times, so it is likely to break down. I will wait for a short time frame candle closing below the flag and an increase of volume in order to execute this trade , so there is not an exact short entry point, but would be around 1.00855 .
Short entry: 1.00855 (Aprox.)
TP1: 1.00050
TP2: 0.99591
SL 1.01385
*Not financial advise, just sharing my ideas :)
Feel free to give your feedback/opinion. Thanks for reading!
Trade active
Open position at 1.00883Note
Moved SL to breakevenTrade closed manually
I do see some support developing, therefore I close manually the trade and take profit.
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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.