Testing TS2 + TS1
Bearish Indications:
1- double top and then price broke the neckline at 0.98941
2- current resistance is at neck line 0.98941
3- currently price is forming HL & LL
4- next support is at 0.98772, till that support the price will be bearish
5- seller domination can be seen on 5 min candles (continuous red candles)
Bullish Indications:
1- market was bullish, then tested the above resistance at 0.99189 multiple times and then formed Double Top
2- if current resistance broken at 0.98941 then market can go into channel (false breakout)
3- market is bullish in 4h and 1 day view, and trend line is the support line drawn
4- fib support 0.618 is at price 0.98300
Risk 2%
Account Value 12,815
Lots: 1.76
Plan A:
Short
entry : 0.98884
SL: 0.99019
TP1: RRR1
TP2: RRR2
TP3: RRR3
Plan B:
Long
Entry: 0.98983
SL:0.98908
TP1: RRR1
TP2: RRR2
TP3: RRR3
Bearish Indications:
1- double top and then price broke the neckline at 0.98941
2- current resistance is at neck line 0.98941
3- currently price is forming HL & LL
4- next support is at 0.98772, till that support the price will be bearish
5- seller domination can be seen on 5 min candles (continuous red candles)
Bullish Indications:
1- market was bullish, then tested the above resistance at 0.99189 multiple times and then formed Double Top
2- if current resistance broken at 0.98941 then market can go into channel (false breakout)
3- market is bullish in 4h and 1 day view, and trend line is the support line drawn
4- fib support 0.618 is at price 0.98300
Risk 2%
Account Value 12,815
Lots: 1.76
Plan A:
Short
entry : 0.98884
SL: 0.99019
TP1: RRR1
TP2: RRR2
TP3: RRR3
Plan B:
Long
Entry: 0.98983
SL:0.98908
TP1: RRR1
TP2: RRR2
TP3: RRR3
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.