Hi guys,
It looks like we could have a good candidate for a sell.
The idea is to put a sell-stop at 148.100. The target is the previous support at 147.730.
We have a trend line which has been broken as well as former low. We could be in a simple pullback before it goes back down again + all EMA have been broken on M15.
Trade with care.
Like/comment if you appreciate my ideas.
Best,
Jesse
It looks like we could have a good candidate for a sell.
The idea is to put a sell-stop at 148.100. The target is the previous support at 147.730.
We have a trend line which has been broken as well as former low. We could be in a simple pullback before it goes back down again + all EMA have been broken on M15.
Trade with care.
Like/comment if you appreciate my ideas.
Best,
Jesse
Note
Rejection at previous low
Note
1. Price is below EMAs2. Price is currently rejecting previous low
3. Price is about to re-test successfully the trend line to the downside
FYI Yellow rectangle represents previous low/high
Trade active
I am already shorting the pairTrade closed: target reached
BangNote
Wow 160 pips since my call yesterday. Too bad I didn't keep it that long :-) .
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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.