Down-Trend. Price at the upper band of regression line. And overbought conditions. Potential bearish engulfing pattern
Note
Bearish engulfing overbought and downwards sloping indicator.Note
I trail it until 2.773 and took profit there! When you see momentum kick in TRAIL! Improve the R/R ratio if you can. (Discretionary decisions requires a little bit of experience and it can worsen the expectancy of a system)Note
A discretionary trick that I use sometimes. I measure back 144 candles and then I find the last swing high or low and measure the volatility based on the ATR tool of tradingview to find potential targets. Then I set targets couple of pips less than the measurement. 
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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.