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.
Nota
Price has hit the 1st point of the PRZ, awaiting for all 3 points to be hit.Trade chiuso: obiettivo raggiunto
TP1 hit with about 100 pips. Congrats for those who followed =)Trade chiuso: obiettivo raggiunto
TP2 hit with about 170 pips profits.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.