Euro / Paun British
Singkat
Telah dikemas kini

Trend is breaking but structure holds bearish divergence

124
Trend is breaking but structure holds bearish divergence. Daily chart is still under bearish pressure!
Critical zone at around 0.89 to 0.8930 around this area is a clearance area and we will see a lot of stops taken before any sell setups.

I would be looking at a 4 hour chart and the 1 hour chart before selling this IDEA. I will be looking for false breakouts, bearish divergence, trend line breakout or simply some kind of bearish structure. 1 hour and 4 hour must confirm sell setup is active as a more conservative approach. Green doted lines outline possible targets and bounce zones.

The i way i would take profits from all my trades is simple. Cut lot sizes once target 1 is achieved. Target 2 move sl to entry and cut lot sizes again. If we catch tops or bottoms of a trend, it would be a very nice entry and we move our sl at the same speed as the market to ensure we cover the potential of these positions.
Nota
Just perfect

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.