Strong bearish pin bar forming at a resistance level in the realm of D1, together with a clear divergence with MACD, gives sufficient confirmation for a correction of the bullish momentum.
A sell-limit entry in H4 is placed expecting price action to trigger order after a small pullback before continuing the downtrend. The setup for this entry is as follow:
S/L: 90 pips R:R | 1:2 T/P is aimed towards a previous support level.
A sell-limit entry in H4 is placed expecting price action to trigger order after a small pullback before continuing the downtrend. The setup for this entry is as follow:
S/L: 90 pips R:R | 1:2 T/P is aimed towards a previous support level.
Trade active
Order triggered.
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FEEL FREE TO CHECK MY SOCIAL NETWORKS FOR MORE MARKET INFORMATION 🇺🇸 🇪🇸
INSTAGRAM:
instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
TWITTER
twitter.com/ogfxtrader
FACEBOOK
facebook.com/ogfxtrader
INSTAGRAM:
instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
twitter.com/ogfxtrader
facebook.com/ogfxtrader
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.