From a purely technical standpoint
The chart before us has several distinct signs of bearish activities.
A Short trade should work fine here
Stop loss : 2060
Take profit 1 : 1759.3
Take profit 2 : 1515.2
The chart before us has several distinct signs of bearish activities.
- RSI Bearish Divergence
- Rising Wedge (It's not broken yet but it's a matter of time)
- Triple Top pattern (Not fully confirmed, but it's also a matter of time)
A Short trade should work fine here
Stop loss : 2060
Take profit 1 : 1759.3
Take profit 2 : 1515.2
Trade closed manually
This was a bad idea
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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.