According to the higher timeframes (D,W) the price has formed a rising channel, hence a major indicator of a potential bearish pattern, and the price touched the upper trendline, retested it and now formed a bearish confluence. The price touched a major support zone, bounced back up/ pullback, but the bearish confluence is still strong. The price might be rejected at zone 138.2 - 138.9, then it maybe a bearish movement. I predict that the bears will get an upperhand. My entry point is 138 with stoploss at 139, just above the market major zone.
Entry - 138.0
Sl - 139.0
Tp1 - 137, Tp2 -136 , Tp3 - 135
R:R is 1:3.
Remember, only risk 1 - 2% of the account.
Entry - 138.0
Sl - 139.0
Tp1 - 137, Tp2 -136 , Tp3 - 135
R:R is 1:3.
Remember, only risk 1 - 2% of the account.
Trade stängt: målet nått:
TP 1 Hit