As soon as the price broke the bullish parallel channel, the price dropped sharply and indicated a shifting of trend from bullish to bearish. Right now, the price is making a bearish flag pattern, so it is a good opportunity to avail healthy RR. I have also opened a short position on the chart and am aiming at 1:2 RR, which is also equal to the projection of the bearish flag projection
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.
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.