The trading idea is based on a trend reversal signal. The price diverged with RSI and MACD . We have bearish signals from a bearish divergence and MACD lines. RSI is in the overbought zone.
If the price breaks the local uptrend line, it will be possible to open sell trades.
Entry Price: below 1531.20
Stop Level: above 1526.50
Profit Level: at 1499.00
Risk per trade must be no more than 1% of your capital. If the price reaches 1500.00 level, move stop orders into breakeven.
If the price breaks the local uptrend line, it will be possible to open sell trades.
Entry Price: below 1531.20
Stop Level: above 1526.50
Profit Level: at 1499.00
Risk per trade must be no more than 1% of your capital. If the price reaches 1500.00 level, move stop orders into breakeven.
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.