Sell Limit Order: @ 1.7500
Confluences: 1) Heavy exhaustion wicks withing the highlighted zone
2) Price is respecting the bottom ascending trendline, thus we can expect the price to drop and touch it or break through.
3) To be honest i hate explaining myself, because i have to put it all in trading terminology and sound smart and all. Just sell the damn thing.
On a serious note: Im expecing a retest and rejection at our sell order price target.
Stop Loss: 1.7625
Take Profit: 1.6817
RR: 1:4.7
Confluences: 1) Heavy exhaustion wicks withing the highlighted zone
2) Price is respecting the bottom ascending trendline, thus we can expect the price to drop and touch it or break through.
3) To be honest i hate explaining myself, because i have to put it all in trading terminology and sound smart and all. Just sell the damn thing.
On a serious note: Im expecing a retest and rejection at our sell order price target.
Stop Loss: 1.7625
Take Profit: 1.6817
RR: 1:4.7