The idea base on:
1) RSI 70 Level
2) 5M trend line Break down
3) Reversal Triangle Pattern
4) 1H RSI Divergency
1) RSI 70 Level
2) 5M trend line Break down
3) Reversal Triangle Pattern
4) 1H RSI Divergency
Commento:
On 5M TF i can that the was created new Lower Low, after impulsive move it can correct, then continue to the TP side
Commento:
it is retesting to the resistance level 163.687, if it creates some reversal pattern it will be second chance to sell
Trade chiuso: stop raggiunto
Risk 0.1% of deposit
SL at the previuos high
TP above the Support level !
1:5 RR