Hi guys,
i've been looking at this pair often lately, and i'm still looking to sell this because i think we need to see a relief rally before eventually continuing to the upward direction. At this moment, we're testing a very strong resistance level, both weekly and daily, and we're doing so in overbough condition (heavy overbought). On a lower timeframe, such as the 4H, you can see price is still overbought and has created a nice reversal pattern in the form of a pinbar + an engulfing to the downward side. I'm taking this short, with stops and targets as showed.
If you have any question/idea, feel free to share it below.
Otherwise, see you in the next chart!
i've been looking at this pair often lately, and i'm still looking to sell this because i think we need to see a relief rally before eventually continuing to the upward direction. At this moment, we're testing a very strong resistance level, both weekly and daily, and we're doing so in overbough condition (heavy overbought). On a lower timeframe, such as the 4H, you can see price is still overbought and has created a nice reversal pattern in the form of a pinbar + an engulfing to the downward side. I'm taking this short, with stops and targets as showed.
If you have any question/idea, feel free to share it below.
Otherwise, see you in the next chart!
עסקה סגורה: היעד הושג
First target hit! Stops moved to breakeven
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.