1D: Price has went up to trend resistance over the last couple days. It has also tested against the 50 moving average.
4HR: Price has hit a major resistance area. There is divergence showing that price has gotten weaker even though it has been bullish.
1hr: Triple top formation has formed.
There is a 3 indicating reversal on MT4 chart.
Be patient and wait for break of neckline.
I've noticed that this pair more than often does not retest on the break. So place your sell right under.
PLEASE LIKE, LEAVE COMMENTS AND CRITICIZE MY WORK. I WILL EXPLAIN MY REASON BEHIND EVERY TRADE AND WOULD LOVE TO KNOW IF SOME EXPERIENCED TRADERS LIKE THE SETUP OR NOT.
4HR: Price has hit a major resistance area. There is divergence showing that price has gotten weaker even though it has been bullish.
1hr: Triple top formation has formed.
There is a 3 indicating reversal on MT4 chart.
Be patient and wait for break of neckline.
I've noticed that this pair more than often does not retest on the break. So place your sell right under.
PLEASE LIKE, LEAVE COMMENTS AND CRITICIZE MY WORK. I WILL EXPLAIN MY REASON BEHIND EVERY TRADE AND WOULD LOVE TO KNOW IF SOME EXPERIENCED TRADERS LIKE THE SETUP OR NOT.
Comment:
Nothing but another experience in this unique market. Remember your'e only one person is this highly volatile market. We dont need to panic over a loss because before the trade was taken we already accepted the risk of our account. On to the next trade