SETUP 1: Resistance(Price is at the top of the channel).
Entry: Bearish candle.
SL: Just above resistance.
TP: Bottom of the channel.
Note:This is a short term trade to be executed on the 15min chart.
SETUP 2: Resistance, Higher lows.
Entry: Bull Confirmation candle on the break and retest of current resistance.
SL: Just below the low of the retest candle.
TP: 1.166
Note: 1hr time frame trade setup.
Entry: Bearish candle.
SL: Just above resistance.
TP: Bottom of the channel.
Note:This is a short term trade to be executed on the 15min chart.
SETUP 2: Resistance, Higher lows.
Entry: Bull Confirmation candle on the break and retest of current resistance.
SL: Just below the low of the retest candle.
TP: 1.166
Note: 1hr time frame trade setup.
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.