Reason to trade: Price stops in previous high area for the third time, if it won't break in the time of few next candles we might go down
Stop Loss: Setup will be active as long as current resistance stops the price (~1.54484)
Take Profit: Possible take profit area is last low (~1.53538). If support (green line) will break price may create new local low around 1.53109. In long term we may even reach ~1.50945
Stop Loss: Setup will be active as long as current resistance stops the price (~1.54484)
Take Profit: Possible take profit area is last low (~1.53538). If support (green line) will break price may create new local low around 1.53109. In long term we may even reach ~1.50945
Comment:
new low on M5 hits local trendline
Comment:
local trendline has broken
Comment:
TP1 reached
Comment:
TP2 reached