BEARISH PATTERN, BE SHORT, BUT CONSERVE WISELY. TS YOUR TP
Updated
BEARISH PATTERN, BE SHORT, BUT CONSERVE WISELY.
I did not include the MACD Indicator and the RSI (7)
MACD is showing a SELL signal at the blue box peak of the pattern.
RSI is showing Showing HIDDEN DIVERGENCE. Take this into consideration as it plays a key role,
In trend reversal that is! Put these indicators on your charts and you will see!
Have a good one.
CharlieFX
I did not include the MACD Indicator and the RSI (7)
MACD is showing a SELL signal at the blue box peak of the pattern.
RSI is showing Showing HIDDEN DIVERGENCE. Take this into consideration as it plays a key role,
In trend reversal that is! Put these indicators on your charts and you will see!
Have a good one.
CharlieFX
Comment
If you are an aggressive trader, you can move your stop to the green resistance line!Although for this case, I am conservative.
Trade closed manually
Closed @ 123.032 >> 240pips TPAnother Pattern was spinning up.
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