Price broke out of 2018 falling trend line and close back inside giving us a false breakout..
Price therefor made a double top price pattern suggesting possible continuation of the bear trend..
we put in a sell stop order below the low of the inside bar @ 73.100 with a stop loss above the inside bar @ 74.59 with first TP @ 71.500
Price therefor made a double top price pattern suggesting possible continuation of the bear trend..
we put in a sell stop order below the low of the inside bar @ 73.100 with a stop loss above the inside bar @ 74.59 with first TP @ 71.500
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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.