BEARISH PATTERN, BE SHORT, BUT CONSERVE WISELY. TS YOUR TP

BEARISH PATTERN, BE SHORT, BUT CONSERVE WISELY.

I did not include the MACD Indicator and the RSI (7)
MACD is showing a SELL signal at the blue box peak of the pattern.
RSI is showing Showing HIDDEN DIVERGENCE. Take this into consideration as it plays a key role,
In trend reversal that is! Put these indicators on your charts and you will see!

Have a good one.

CharlieFX

Commentaire:

If you are an aggressive trader, you can move your stop to the green resistance line!

Although for this case, I am conservative.

Trade fermée manuellement:

Closed @ 123.032 >> 240pips TP

Another Pattern was spinning up.