Now is your chance to enter a potential peak of a double top! We have two bearish patterns completing at the 2018 High. I'm looking to short this, I'll take the risk to reward. tak profit is the BC move which pulls back to the previous high we just broke. If you want to be conservative wait for the trendline to break, when that breaks we might see a spike up that oculd stop me out but I'll enter again, this is hella pips right here
Note
Great time to close out some profits, we are at 2:1 return. keep half on the table, It's looking like it is ready to pull back almost to where initial entry was, Look to enter another trade there to short again
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Each week, I send an email breakdown of the best forex setups, watch zones, and market trends so you can trade with confidence.
Your next setup is waiting—Subscribe for access to my weekly outlooks.
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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.