A scale in opportunity & an entry if you missed the 1st impulse
Hello there traders
1-We can see a strong uptrend of the price since the beginning of 2021
2-A double top
3-Strong bearish impulsive moves from the price breaking the neckline & the uptrend
4-Sells were taken at the retest of the neckline & 0.5 Fibonacci
5-First TP achieved
6-Waiting for a scale in opportunity if the price retraces back to the area of interest ( Previous S turned R - 0.382 Fibo - 3rd touch on the descending trendline ) and shows rejection
***
Although I expect the pair to go beyond the target to reach the Violet colored Long-term ascending channel ,I'd rather take profits at the area around 1.92 and if bearish signs persist I may extend the last TP to around 1.9 with the position running risk-free
Thanks for your reading and trade safe everybody
1-We can see a strong uptrend of the price since the beginning of 2021
2-A double top
3-Strong bearish impulsive moves from the price breaking the neckline & the uptrend
4-Sells were taken at the retest of the neckline & 0.5 Fibonacci
5-First TP achieved
6-Waiting for a scale in opportunity if the price retraces back to the area of interest ( Previous S turned R - 0.382 Fibo - 3rd touch on the descending trendline ) and shows rejection
***
Although I expect the pair to go beyond the target to reach the Violet colored Long-term ascending channel ,I'd rather take profits at the area around 1.92 and if bearish signs persist I may extend the last TP to around 1.9 with the position running risk-free
Thanks for your reading and trade safe everybody
עסקה סגורה: היעד הושג
Price made a very minor correction so No Scale ins were addedthanks
הערה
the extended target is reached All closed
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.