Double top neckline breakout
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In weekly the market is in Ascending triangle pattern. where the current market price is at weekly resistance.
In daily time frame there is change in trend(from bull to bear) formed by double top neckline breakout, so the market is expected to fall further till the weekly ascending trend line(support).
After the DT neckline breakout now the market is in retest, a good level to sell where minimum risk : reward ratio is 1:2.5
In daily time frame there is change in trend(from bull to bear) formed by double top neckline breakout, so the market is expected to fall further till the weekly ascending trend line(support).
After the DT neckline breakout now the market is in retest, a good level to sell where minimum risk : reward ratio is 1:2.5
Transaction en cours
Note
if 1H candle closes below 82.7134, can expect a strong bears.Note
Looks like there is a SL hunting, if Daily candle closes above 82.9370 close the buy positions.Trade fermée: ordre d’arrêt atteint
:-(
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