Numbers:
Entry📊: 0.98924
Stop Loss🚫: 0.99296
Target🎯: 0.98391
Risk To Reward✅: 1.43
Analysis:
Price is below all 3 EMA's so we have a short bias on this pair. Price also recently tried to push higher but ultimately came back down and once it tried to push higher again it failed each time and eventually broke a level of significant support. Price then came back to this area and retested it for resistance which it held one time so once price came back up to this area and formed a double top we got in for shorts. Remember trades to stay risk managed and only risk around 1% per trade for steady and consistent growth
Disclaimer:
This is my opinion on this asset at the time. This is not financial advise. Don't take this trade blindly, do your own analysis first before entering. Feel free to use this analysis to assist you with yours. Feel free to leave any comments you have. Good luck!!!
Entry📊: 0.98924
Stop Loss🚫: 0.99296
Target🎯: 0.98391
Risk To Reward✅: 1.43
Analysis:
Price is below all 3 EMA's so we have a short bias on this pair. Price also recently tried to push higher but ultimately came back down and once it tried to push higher again it failed each time and eventually broke a level of significant support. Price then came back to this area and retested it for resistance which it held one time so once price came back up to this area and formed a double top we got in for shorts. Remember trades to stay risk managed and only risk around 1% per trade for steady and consistent growth
Disclaimer:
This is my opinion on this asset at the time. This is not financial advise. Don't take this trade blindly, do your own analysis first before entering. Feel free to use this analysis to assist you with yours. Feel free to leave any comments you have. Good luck!!!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.