Candlestick trading
Updated
Sell on a bearish engulfing pattern, confirms resistance.
the uptrend was formed by 3 consecutive spinning tops which shows lack of buying force.
Risk reward is 1:5
Place break even when price goes down to minor support, small lower shadows. @ 1.2488
the uptrend was formed by 3 consecutive spinning tops which shows lack of buying force.
Risk reward is 1:5
Place break even when price goes down to minor support, small lower shadows. @ 1.2488
Trade active
Moved SL to breakeven. If price goes down further and break this minor support 1.24703 will move stop down to capture a little bit of profits.
Target remains the same.
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.