We see price return to a daily point of interest and react aggressively from there. We now have a opportunity to sell it after looking at the lower 5min tf. Stop loss is small and potential reward is huge.
Trade active
Price consolidated near entry for some time before dropping about 40pips. We are about 25pips in profit right now and I am still looking to take this pair down, it is over extended and a drop is due.
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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.