Salaam
Here shown an ascending channel in H4.
price reached daily resistance and also Hidden Divergence (HD-) in RSI.
Here is my setup:
Sell @ 0.99735
SL: 0.99930
TP1: 0.99320
Reward/Risk: 2
the short could continue to edge of the channel at 0.99110 in also there is a chance to break the channel.
Have a good time;-)
let me know your opinions
Here shown an ascending channel in H4.
price reached daily resistance and also Hidden Divergence (HD-) in RSI.
Here is my setup:
Sell @ 0.99735
SL: 0.99930
TP1: 0.99320
Reward/Risk: 2
the short could continue to edge of the channel at 0.99110 in also there is a chance to break the channel.
Have a good time;-)
let me know your opinions
Note
the price still has enough power, 1.0 is a high resistance for the pair.you could change the SL to it.
in my broker, trade closed with stop loss but I looking for another entry.
Trade closed: stop reached
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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.