1. The price meets resistance at FIBO 0.50 and breaks the trendline, this confirm the bearish trend.
2. The candle retest the structure resistance and EMAs, giving signal to sell.
3. Set SL above EMAs, or above the turning point 3.508
4. Set TP so that the RR ratio becomes 1:1.5 or 1:2, or set TP at neaxt structure support
2. The candle retest the structure resistance and EMAs, giving signal to sell.
3. Set SL above EMAs, or above the turning point 3.508
4. Set TP so that the RR ratio becomes 1:1.5 or 1:2, or set TP at neaxt structure support
Note
H4 CHART
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Related publications
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.