On a 15M chart we have a bearish chart pattern
The price has shown a large enough "tale, what confirms a rising wedge pattern, where the past of the pattern classical can be a target, but it's classic, so just thinking about RR, the sell might be a good idea.
Price is currently at 61.8% Fibonacci retracement area (Filtered to 1H timeframe)
in a relation to previous swing Down
Will look for a bearish short term entry setup (based on 1H chart, trade will be left for minutes, but position will be closed in parts and using a trailing technique, will try leave it open for a maximum period possible) at around 1.1010
This short term trade is at high risk with a low probability factor, but as a trader, I can not ignore the signal, so short stops and short targets must be applied
The price has shown a large enough "tale, what confirms a rising wedge pattern, where the past of the pattern classical can be a target, but it's classic, so just thinking about RR, the sell might be a good idea.
Price is currently at 61.8% Fibonacci retracement area (Filtered to 1H timeframe)
in a relation to previous swing Down
Will look for a bearish short term entry setup (based on 1H chart, trade will be left for minutes, but position will be closed in parts and using a trailing technique, will try leave it open for a maximum period possible) at around 1.1010
This short term trade is at high risk with a low probability factor, but as a trader, I can not ignore the signal, so short stops and short targets must be applied
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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.