Good sell opportunity with a decent Risk reward ratio
A few things here
To set stop loss level, it is clear there is a strong resistance at around 1.075, as it bounced back down twice from this price, so 1.08 is a safe level
As for the Reward, Fib and previous structures show there is a potential turn around at about 1.05 (also because its a round number as well)
Let me know what you think guys :)
Broken support line
MACD has just crossed and entered the sell zone, shown by arrow
RSI has a broken pattern as well, indicated by the arrow
To set stop loss level, it is clear there is a strong resistance at around 1.075, as it bounced back down twice from this price, so 1.08 is a safe level
As for the Reward, Fib and previous structures show there is a potential turn around at about 1.05 (also because its a round number as well)
Let me know what you think guys :)
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.