Bearish BAT (Third wave of the Bearish Swing Trend: check my previous analysis)
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PRZ:
- D point:
- BC: 2.618 = ABCD: 1.618
|
1) Out of Bollinger Bands? NO
2) RSI divergence? NOT YET
3) SR - GZ - TL - QP - MA? YES
(SR, GZ, MA 200)
4) Rejection type? NOT YET
|
- Entry Price: 135.250
|
- SL: 30 pips (135.550)
- TP: 130 pips (133.950)
|
Trading plan:
|
Waiting for Bearish Divergence (Regular or Hidden) and a Rejection (pin Bar, double top, ...) to go SHORT
PRZ: Potential Reversal Zone
SR: Support/Resistance
GZ: Golden Zone
TL: Trend Line
QP: Quarter Point
MA: Moving Average
|
PRZ:
- D point:
- BC: 2.618 = ABCD: 1.618
|
1) Out of Bollinger Bands? NO
2) RSI divergence? NOT YET
3) SR - GZ - TL - QP - MA? YES
(SR, GZ, MA 200)
4) Rejection type? NOT YET
|
- Entry Price: 135.250
|
- SL: 30 pips (135.550)
- TP: 130 pips (133.950)
|
Trading plan:
|
Waiting for Bearish Divergence (Regular or Hidden) and a Rejection (pin Bar, double top, ...) to go SHORT
PRZ: Potential Reversal Zone
SR: Support/Resistance
GZ: Golden Zone
TL: Trend Line
QP: Quarter Point
MA: Moving Average
Trade closed manually
BE
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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.