Hey Traders!
On the 1h chart, I found huge resistance in around 2920 areas, and the bullish momentum also weakening.
A divergence made on MACD and RSI as well and the price made triple top. So I found that's a great SHORT opportunity.
Entry SHORT - 2800
Take Profit 1 - 2406
Take Profit 2 - 2234
SL - Initial 2990, after that use trailing stop loss.
Risk/Reward Ratio: 2.00 :)
On the 1h chart, I found huge resistance in around 2920 areas, and the bullish momentum also weakening.
A divergence made on MACD and RSI as well and the price made triple top. So I found that's a great SHORT opportunity.
Entry SHORT - 2800
Take Profit 1 - 2406
Take Profit 2 - 2234
SL - Initial 2990, after that use trailing stop loss.
Risk/Reward Ratio: 2.00 :)
Trade closed: target reached:
Target Achieved. Thank you very much!
Trade closed: target reached:
All targets achieved. Profit was upto trader's risk management. Got 1:3 as well. Thank you very much!
Although, we already got 1:2 Risk/Reward. :)