price cmae up to daily ressistance red line on the hour chart it made a double top with an engulfing candle also i see exaggerated divergence taking profit on the 382 wiht a 26 pip stop loss
price came up to retest trendline and close below 61.8 retracement rsi is over bought putting sell stop below on neck on a possible double top risking 60 pips on top of 61.8 traget 1 daily support 37 pips target 2 weekly support 152 2.08% risking 2%
price reach a high the hasn't been reach since 11 08 17 made valid double top, the second touch being lower then the first broke tru counter trendline close below trendline now retest zone and trendline with two bullish candles sl 25 pips twin tradding it with 30 pips 1st , 50 pips 2nd 2 % risk at 0.04
price borke tru trenline and retest wiht abullish candle also retracing into the .50 lvel tp next support (green) stop loss 25 pips 2% risk of account
price is on a downtrend looks like it finish making new LL im waiting on a retraced to the levels .23 (4h zone) or .38 (W ressistnce) once price retraced will be making new LH Any feed back comment below!! thanks
reentering sell trade following the trendline price expected to make a LL candle broke both trendlines and retested entering at the low of restest candle sl on top of zone and tp next daily ressitance
there is change of trend when market fail to make new hh price has broken trendline from the low it created sl on top of the last high doing a 1:2 risk to reward trade sl is 150 pips so tp is 300 also twin tradinging it will be out with 30 pips
- PRICE RETESTED PREVIOUS DAILY TREND LINE AND AND ALSO RESPECTING 1H UPTREND TRENDLINE - PRICE CAME DOWN TO A 1H ZONE - 15 MIN CANDLE CLOSE ABOVE TRENDLINE AND ZONE - TP ON NEXT WEEKLY RESISTANCE (PURPLE) - RISKING 25 PIPS (2% OF MY ACCOUNT)
price on zone and respected trendline also on 50% retracement sl on next fib level tp1 on next support tp 2 on next support