As can be seen, the pair made a double top. If you collapse the chart further or switch to a weekly chart, you will see that this level has been respected many times in the past so I am expecting some sort of reaction at this level.
I'd wait for the price to retrace a little before entering so as to get a better risk - reward profile. Looking for a 3 to 1 RR trade.
Good luck :)
I'd wait for the price to retrace a little before entering so as to get a better risk - reward profile. Looking for a 3 to 1 RR trade.
Good luck :)
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.