Sell Idea:
Entry: 0.68838
SL: 0.69416
TP: 0.67403
This trade was taken based off of S/R levels, candlestick formations, and divergence.
Yellow Line = Weekly Level
Pink Line = Daily
White Line = Monthly
The closures over the last 2 days created a tweezer top bouncing off of the Weekly resistance level.
This bounce also resembles the beginning of a double-top chart pattern, and shows the strength of the Weekly resistance.
Finally, Tenkan-sen and Kijun-sen have a vast amount of distance between them. This is a sign of divergence, as well as the Williams %R scale.
I do also hold the belief this could be a setup for a longer-term buy. This is why I have my Fibs on. I'm also using them as TP markers.
TP1: 38.2
TP2: 61.8
TP3: 100
*Side Note*
My price entries, SLs, and TPs are all based on my broker.
Let see what happens!
Entry: 0.68838
SL: 0.69416
TP: 0.67403
This trade was taken based off of S/R levels, candlestick formations, and divergence.
Yellow Line = Weekly Level
Pink Line = Daily
White Line = Monthly
The closures over the last 2 days created a tweezer top bouncing off of the Weekly resistance level.
This bounce also resembles the beginning of a double-top chart pattern, and shows the strength of the Weekly resistance.
Finally, Tenkan-sen and Kijun-sen have a vast amount of distance between them. This is a sign of divergence, as well as the Williams %R scale.
I do also hold the belief this could be a setup for a longer-term buy. This is why I have my Fibs on. I'm also using them as TP markers.
TP1: 38.2
TP2: 61.8
TP3: 100
*Side Note*
My price entries, SLs, and TPs are all based on my broker.
Let see what happens!
Trade chiuso: obiettivo raggiunto:
Fabulous trade!
Not too much to say on this one. Followed the plan, worked my system and practiced my patience.
Not too much to say on this one. Followed the plan, worked my system and practiced my patience.