. Entry Point:
Price: 3,360.88 USD
This is the level where the short trade is initiated (sell position).
2. Stop Loss:
Price: 3,366.98 USD
Placed above the entry point to limit losses if price moves against the trade.
3. Take Profit (EA Target Point):
Price: 3,311.87 USD
Target level to close the trade with a profit.
📉 Technical Observations:
Strong Bearish Candlestick: Indicates momentum in the seller’s favor after price tested the resistance zone.
Resistance Zone (Purple Highlight): Around the entry and stop loss area — price got rejected here.
Moving Averages:
Red line (Possibly 20 EMA): Showing short-term trend.
Blue line (Possibly 200 EMA): Price dipped sharply below it, indicating bearish control.
⚖️ Risk/Reward Ratio (Approximate):
Risk: 3,366.98 - 3,360.88 = 6.10 USD
Reward: 3,360.88 - 3,311.87 = 49.01 USD
R/R Ratio: ~ 8:1 — Excellent risk/reward profile.
✅ Conclusion:
This is a high-risk, high-reward bearish setup assuming the price will not break the resistance and will continue downward. The setup looks technically valid with clear zones, and the stop loss is well-defined above resistance
Price: 3,360.88 USD
This is the level where the short trade is initiated (sell position).
2. Stop Loss:
Price: 3,366.98 USD
Placed above the entry point to limit losses if price moves against the trade.
3. Take Profit (EA Target Point):
Price: 3,311.87 USD
Target level to close the trade with a profit.
📉 Technical Observations:
Strong Bearish Candlestick: Indicates momentum in the seller’s favor after price tested the resistance zone.
Resistance Zone (Purple Highlight): Around the entry and stop loss area — price got rejected here.
Moving Averages:
Red line (Possibly 20 EMA): Showing short-term trend.
Blue line (Possibly 200 EMA): Price dipped sharply below it, indicating bearish control.
⚖️ Risk/Reward Ratio (Approximate):
Risk: 3,366.98 - 3,360.88 = 6.10 USD
Reward: 3,360.88 - 3,311.87 = 49.01 USD
R/R Ratio: ~ 8:1 — Excellent risk/reward profile.
✅ Conclusion:
This is a high-risk, high-reward bearish setup assuming the price will not break the resistance and will continue downward. The setup looks technically valid with clear zones, and the stop loss is well-defined above resistance
Trade closed: target reached
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Join my telegram (COPY_TRADE)
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
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.