you need to extend the chart on the Y axes, before the degree lines make sense...... Dont know why it destroyed my drawings..
Entry short: now
SL just above the double top
A more optimal short entry will be when the price breaks the support line it made a run from.
Description:
The Pair have formed a Bump and run formation.
The uptrend started around 60 days back. The lead in height have climbed steady, and have reached a 45-degree angle, before the 65-degree bump.
At the same time the bump level have hit a resistance area from previously prices, and the price have made a double top. Therefore a extra confirmation for the run reversal top.
The sell signal will be now, and a tight stop loss above the double top, in case of the prices falls signal.
A more optimal short entry will be when the price will break the support line, which the price made a run from.
Entry short: now
SL just above the double top
A more optimal short entry will be when the price breaks the support line it made a run from.
Description:
The Pair have formed a Bump and run formation.
The uptrend started around 60 days back. The lead in height have climbed steady, and have reached a 45-degree angle, before the 65-degree bump.
At the same time the bump level have hit a resistance area from previously prices, and the price have made a double top. Therefore a extra confirmation for the run reversal top.
The sell signal will be now, and a tight stop loss above the double top, in case of the prices falls signal.
A more optimal short entry will be when the price will break the support line, which the price made a run from.