It is set-up for short position based on the following :
- recent bearish trend
- ABC pattern where C stopped at 0.786 which is bearish sign
- Pair is trading below 200 EMA
- These blue rectangles are showing GAP's from weekly time interval
Things which are suggesting that this trade is risky:
- for the last 4 years this pair is in bullish trend
- on daily chart it bounced from 200 ema
Decide for U'rself if this one is worth the risk. R/R is not decent but it is alright
If U'r MM is on decent level I assume it is worth a risk but if U don;t have solid MM then I would suggest to avoid this trade as it can wipe U'r account out.
- recent bearish trend
- ABC pattern where C stopped at 0.786 which is bearish sign
- Pair is trading below 200 EMA
- These blue rectangles are showing GAP's from weekly time interval
Things which are suggesting that this trade is risky:
- for the last 4 years this pair is in bullish trend
- on daily chart it bounced from 200 ema
Decide for U'rself if this one is worth the risk. R/R is not decent but it is alright
If U'r MM is on decent level I assume it is worth a risk but if U don;t have solid MM then I would suggest to avoid this trade as it can wipe U'r account out.
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.