Looking for a continuation short. I believe a hidden bearish divergence has formed on the hourly. The price has pulled back to the 38% level after the recent decline. I will take a short position here-ish.
Good luck !!
Good luck !!
Trade active
Note
Still in this trade... added another position which I will make risk free asapNote
....tighter stop loss, better entry... Trying to get a good entry is my new irritation lol, I know we cannot be perfect but I do endeavour to be a better entry selector hahaNote
The price came close to my SL but I’ve taken a third risky position since the price has formed a neat double top on the 1-4hr charts. With this double top sitting at the 71.8% fib area plus the bearish divergence on hourly , I am encouraged to keep this basket of trades for now. Trade closed: stop reached
closed all positions on this high risk trade.-100pips
-57pips
-41pips
-----------
-198pips loss (-1.5%)
Better analysis next time !
Note
Trust the pair to give up the pips after I close my positions booo !!!!
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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.