GER30 (4HOUR) POTENTIAL DOUBLE TOP FORMING 450+ PIP POTENTIAL
GER30 looks set to have reached overbought conditions,
with multiple confirmations resulting in my short position,
1. A critical level being reached resulting in the beginning of a double top formation,
2. Overbought levels with a divergence imminent,
3. 200ma acting as a key target level at 3 with near to 500 pip potential.
Risk management level put in place to confirm. Waiting on price action and a break of the trend line to confirm the position.
with multiple confirmations resulting in my short position,
1. A critical level being reached resulting in the beginning of a double top formation,
2. Overbought levels with a divergence imminent,
3. 200ma acting as a key target level at 3 with near to 500 pip potential.
Risk management level put in place to confirm. Waiting on price action and a break of the trend line to confirm the position.
Note
Pattern appears to be completing its final stages of the double top.Trade fermée: ordre d’arrêt atteint
Trade invalidated due to stop lose being breached.Note
Price action and bulls are in control now, awaiting new signs of potential reversals.
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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.