Picture perfect rejection of the 200 moving average adding resistance to the median line of a pitchfork I drew on the recent pivots.
The market profile served as my price for entry and a bearish hourly candle broke through it.
The stochastic RSI in overbought conditions adds extra confluence after the cross
Stop loss is a few pips above the 78.6 level of the Fib I draw from A - B. Take profit at the 50%
The market profile served as my price for entry and a bearish hourly candle broke through it.
The stochastic RSI in overbought conditions adds extra confluence after the cross
Stop loss is a few pips above the 78.6 level of the Fib I draw from A - B. Take profit at the 50%
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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.