The Uptrend was finished and formed higher lows and the trend is unable to break the red trendline. It's very bearish.
4hr time frame shows the candles close below support and resistance zone which is confirmed again it's bearish.
Trend is under 50 EMA for the last 2 weeks, also very bearish.
SL is placed behind the support and resistance zone @162.90
Entry is placed @161.823
TP is @155.30
4hr time frame shows the candles close below support and resistance zone which is confirmed again it's bearish.
Trend is under 50 EMA for the last 2 weeks, also very bearish.
SL is placed behind the support and resistance zone @162.90
Entry is placed @161.823
TP is @155.30
Trade active
Moving SL: @160.80Note
Moving SL: @159.40Trade closed manually
It was a good swing trade, 370 pips. Falling wedge pattern is formed in 1hr timeframe, sign of bullish. closed the trade and take max profit.
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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.