Picking up from where we left on our analysis on UNISWAP yesterday (linked below),
Price looks to have broken above the pennant whilst forming a bearish divergence in the process.
Could be a short opportunity and will most likely be a fakeout until invalidated of course.
Trade Idea;
Wait for price to close below resistance before going short.
Enter with a stop-loss above rejection and target support of the pennant.
If you agree with this idea, pls leave a like as well as your thoughts in the comments section.
As always, feedback is appreciated.
Price looks to have broken above the pennant whilst forming a bearish divergence in the process.
Could be a short opportunity and will most likely be a fakeout until invalidated of course.
Trade Idea;
Wait for price to close below resistance before going short.
Enter with a stop-loss above rejection and target support of the pennant.
If you agree with this idea, pls leave a like as well as your thoughts in the comments section.
As always, feedback is appreciated.
İşlem aktif:
Hidden Bearish Divergence is confirmed and now the trade is in place.
Yorum:
Took some profits at support
İşlem kapandı: hedefe ulaştı:
Been a minute since an update, but turns out the trade was in our favour and the setup was indeed correct. Congrats if you took this trade.
Trade complete.
Been a minute since an update, but turns out the trade was in our favour and the setup was indeed correct. Congrats if you took this trade.