Pattern completed last week with price closing below PRZ.
I'm waiting for a retest : Price to at hit PRZ and RSI to hit overbought level again before considering to take a short trade.
Based on the ED channel I've drawn, trend seem to upward.
A short near or at the top of the channel will be ideal.
Good R:R at 3.1 (TP1) and 5 (TP2).
Do adjust lot size according to your risk appetite.
NOTE : This is a counter trend trade, trade with caution.
I'm waiting for a retest : Price to at hit PRZ and RSI to hit overbought level again before considering to take a short trade.
Based on the ED channel I've drawn, trend seem to upward.
A short near or at the top of the channel will be ideal.
Good R:R at 3.1 (TP1) and 5 (TP2).
Do adjust lot size according to your risk appetite.
NOTE : This is a counter trend trade, trade with caution.
Order cancelled
PRZ not respected, no trade.
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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.