Entry Type : Market Sell @ 74.719 Stop Loss : 76.250 (153pips) Take Profit : 68.500 (621pips) R/R : 4.06 R/R % : .5% / 2.03%
Technical Analysis:
Price Action has rejected the descending trend line and formed a shooting star on the weekly time frame. Coming into the daily we can see clear rejection fo the trend line yet again. The shooting star has closed below our 50.0% fib level and if we go for a smaller Fibonacci sequence then price has closed blow the 78.6% level with a wick up into the 88.6% level. I feel that price is exhausted and is ready to head south into the 70.0 and 68.5 regions that we have outlined on the chart.
İşlem aktif
I have entered this trade on a market order as stated above.
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