Timeframe: 15M
Main Scenario: The rate should drop further if it will make a valid breakdown below the lower median line (lml) of the ascending pitchfork.
Alternative Scenario: A false breakdown below the lower median line (lml) it will signal a potential upside movement.
Entry/Stop Loss/ Take Profit: Short from 7540 level, the Stop Loss could be placed above the former high, at 7631 and the Take Profit at 7260.6 level
Duration: 1 day
Consolidation/Ratification level: You can drag the Stop Loss below the opening price if the rate will close and will stabilize below the 7469.5 level.
Warning Level: A failure to reach the 7469.5 former low could signal an oversold.
Risk Management: Risk/Reward Ratio: 3.07
Main Scenario: The rate should drop further if it will make a valid breakdown below the lower median line (lml) of the ascending pitchfork.
Alternative Scenario: A false breakdown below the lower median line (lml) it will signal a potential upside movement.
Entry/Stop Loss/ Take Profit: Short from 7540 level, the Stop Loss could be placed above the former high, at 7631 and the Take Profit at 7260.6 level
Duration: 1 day
Consolidation/Ratification level: You can drag the Stop Loss below the opening price if the rate will close and will stabilize below the 7469.5 level.
Warning Level: A failure to reach the 7469.5 former low could signal an oversold.
Risk Management: Risk/Reward Ratio: 3.07
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.
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.