EA is in a descending channel and it has reached the ceiling of it, also a zone of S/R.
30m range/wedge/pennant or wicks at this level will be signal for shorts.
30m range/wedge/pennant or wicks at this level will be signal for shorts.
Trade active
Okey guys, I shorted EA, because there is a nice 4H rejection candle and 1H bearish engulfing candle at the top. I will update if something happens
Trade closed manually
Just to tell you that I've closed the short position on 3.5 RR cuz I expected to reverse after seeing these two candles ( shown on the chart below) and the minor ATL. For now I will observe the PA and if I see a breakout or a nice rejection of a major level, i'll post it.
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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.