Short position 3.0
1 hr support zone rejected ... 1 hr Ema's both acting as resistance ... Trendline respected as resistance.
Bull run is over back to the bears.
Please note - previously when price rejected 1.19277 price dropped to high 1.17 level, I personally think the same will happen again.
Also; there is no support below the 1.19277 zone = price can free fall ...
Only worry I have is 1 hr and 4 hr stoch doesn't support the sell but I am trading off the trend in the price - need to educate myself further on my understanding of the stochastic.
Time will allow this to play out, shall wait and see.
Thanks
RR
Bull run is over back to the bears.
Please note - previously when price rejected 1.19277 price dropped to high 1.17 level, I personally think the same will happen again.
Also; there is no support below the 1.19277 zone = price can free fall ...
Only worry I have is 1 hr and 4 hr stoch doesn't support the sell but I am trading off the trend in the price - need to educate myself further on my understanding of the stochastic.
Time will allow this to play out, shall wait and see.
Thanks
RR
Trade active
SL moved to 1.2RR: 1.03
Trade closed: stop reached
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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.