We have identified the following indicators for the SELL opportunity:
• Low volume, suggesting a potential reversal from the current direction.
• Reflection from the top of the parallel channel.
• Return/re-test to the 3M high and 1M high.
We have defined 3 target points (TPs):
TP 1 = 80 pips
TP 2 = 200 pips
TP 3 = 400 pips
*** Please pay attention to the scenarios from 2015 and 2020, when there were extreme peaks. However, these peaks were temporary, and it’s a matter of good money management, only.
• Low volume, suggesting a potential reversal from the current direction.
• Reflection from the top of the parallel channel.
• Return/re-test to the 3M high and 1M high.
We have defined 3 target points (TPs):
TP 1 = 80 pips
TP 2 = 200 pips
TP 3 = 400 pips
*** Please pay attention to the scenarios from 2015 and 2020, when there were extreme peaks. However, these peaks were temporary, and it’s a matter of good money management, only.
Trade active
TP 1 REACHED 😊Note
TP 2 REACHED 😊Trade closed: target reached
TP 3 REACHED 😊
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.