It's NOT Perfect, but would you say NO to 309pips of Profit Potential?
The Bearish 5-0 Patterns has completed on the Daily Chart(right), the doji candle looks great for aggressive trader for a shorting opportunity, the RSI didn't went overbought, and that cause this setup to be not as perfect as we want it to be.
Alternative ways to engage the trade, is to wait for the market to retest at 83.60 on the 4-hourly chart or the 1-hourly chart. When the retest happens, it will produce an RSI Divergence that allow us to engage the trade, that produce a Lower Risk with a Higher Returns.
If you are looking for a buying opportunity, 82.60 is the level you can wait for a retest of support or a double bottom with RSi Divergence.
Which side of the trade would you choose?
Shorting opportunity or Longing opportunity?
The Bearish 5-0 Patterns has completed on the Daily Chart(right), the doji candle looks great for aggressive trader for a shorting opportunity, the RSI didn't went overbought, and that cause this setup to be not as perfect as we want it to be.
Alternative ways to engage the trade, is to wait for the market to retest at 83.60 on the 4-hourly chart or the 1-hourly chart. When the retest happens, it will produce an RSI Divergence that allow us to engage the trade, that produce a Lower Risk with a Higher Returns.
If you are looking for a buying opportunity, 82.60 is the level you can wait for a retest of support or a double bottom with RSi Divergence.
Which side of the trade would you choose?
Shorting opportunity or Longing opportunity?
🕒 15mins workday for Young Parents
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Get into our 15mins workday community
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🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
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.
🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
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.