The weekly timeframe is about to form a 'Double Top' formation
Price is expected to sell at previous resistance according to its past in May 2017
Although it looks like an uptrend, price is expected to fall and hit trendline target and then retrace back.
All annotations are in the graph.
I look for optimum entry positions to get the maximum amount of pips.
Price is expected to sell at previous resistance according to its past in May 2017
Although it looks like an uptrend, price is expected to fall and hit trendline target and then retrace back.
All annotations are in the graph.
I look for optimum entry positions to get the maximum amount of pips.
Note
Typo on entry price, it should be 1.77810. I focus on whole numbers.
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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.