Price action seems to be giving respect to the higher trend (1D) analysis given the consolidation on the trend resistance. With it, comes with a high possibility and confidence for price to enter a minor pullback/ reversal. Candles also shows that bull is getting weak on the 30m tf, a good indicator for a reversal. Higher timeframe analysis displays higher pips potential as well.
If price breaks the 1h support with enough momentum and candlesticks confirm , it gives confidence to enter the trade.
trade only according to your system
sl 10 pips tp 20 pips
sell stop - pink line 131.265
If price breaks the 1h support with enough momentum and candlesticks confirm , it gives confidence to enter the trade.
trade only according to your system
sl 10 pips tp 20 pips
sell stop - pink line 131.265
Trade closed manually
closed at breakeven, expected false breakout when priced closed bullish candle formations
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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.