Hey Traders!
On the 1h chart, I found huge resistance in around 2920 areas, and the bullish momentum also weakening.
A divergence made on MACD and RSI as well and the price made triple top. So I found that's a great SHORT opportunity.
Entry SHORT - 2800
Take Profit 1 - 2406
Take Profit 2 - 2234
SL - Initial 2990, after that use trailing stop loss.
Risk/Reward Ratio: 2.00 :)
On the 1h chart, I found huge resistance in around 2920 areas, and the bullish momentum also weakening.
A divergence made on MACD and RSI as well and the price made triple top. So I found that's a great SHORT opportunity.
Entry SHORT - 2800
Take Profit 1 - 2406
Take Profit 2 - 2234
SL - Initial 2990, after that use trailing stop loss.
Risk/Reward Ratio: 2.00 :)
Trade closed: target reached
Target Achieved. Thank you very much!Note
For TP2: Those of you want to stay in the trade, put your stop loss at 2616 and go for the Take Profit 2.Although, we already got 1:2 Risk/Reward. :)
Trade closed: target reached
All targets achieved. Profit was upto trader's risk management. Got 1:3 as well. Thank you very much!
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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.