A bearish bat pattern seem to be completing.
RSI is on its way to overbought level.
The PRZ is at weekly resistance level, which might have more potential of a reversal if price hits PRZ.
R:R at 1.1 (TP1 : 38.2% retracement of AD) and 1.9 (TP2 : 61.8% retracement of AD).
Traders do take note :
I am looking at the daily chart, SL and TP is much wider, position might be open for days.
Do adjust your lot size according to your capital and risk level.
Trade with caution. Cheers.
RSI is on its way to overbought level.
The PRZ is at weekly resistance level, which might have more potential of a reversal if price hits PRZ.
R:R at 1.1 (TP1 : 38.2% retracement of AD) and 1.9 (TP2 : 61.8% retracement of AD).
Traders do take note :
I am looking at the daily chart, SL and TP is much wider, position might be open for days.
Do adjust your lot size according to your capital and risk level.
Trade with caution. Cheers.
הערה:
Price has hit the 1st point of the PRZ, awaiting for all 3 points to be hit.
עסקה סגורה: היעד הושג:
TP1 hit with about 100 pips. Congrats for those who followed =)
עסקה סגורה: היעד הושג:
TP2 hit with about 170 pips profits.
