Analysis on chart, the pair shows a strong downtrend and rgmov prints lower lows while price doesn't.
This is bearish.
Also, price is forming modes lower, validating the downtrend.
Split the entry in 3 parts risking 1/3 of your desired exposure to this trade on each.
TP when target is hit, but you can cover 50-75% once the distance to the stop is reached to make the trade risk free.
Shout out to Anil Mangal for making me look this way.
Good luck,
Ivan.
This is bearish.
Also, price is forming modes lower, validating the downtrend.
Split the entry in 3 parts risking 1/3 of your desired exposure to this trade on each.
TP when target is hit, but you can cover 50-75% once the distance to the stop is reached to make the trade risk free.
Shout out to Anil Mangal for making me look this way.
Good luck,
Ivan.
Related publications
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.
Related publications
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.