Chart: Daily
Market: Bearish
Bearish Indicators:
1. 20 EMA (blue line) below 50 EMA (red line) - bear trend
2. Price rejecting 1.4900 price zone
3. High test candle (24th of March) open & close below 20 EMA
4. High test candle (24th March) high at 20 EMA (blue circle)
4. Cluster of high test candles from 24th march - 28th march (blue rectangle)
Risk Management
Risk/Reward: 1:2.56
Stop zone: 1.49300 or just above 24th of march high
Target zone: 1.45200 or at evidence of reversal
Agree/Disagree? Comment Below!
Market: Bearish
Bearish Indicators:
1. 20 EMA (blue line) below 50 EMA (red line) - bear trend
2. Price rejecting 1.4900 price zone
3. High test candle (24th of March) open & close below 20 EMA
4. High test candle (24th March) high at 20 EMA (blue circle)
4. Cluster of high test candles from 24th march - 28th march (blue rectangle)
Risk Management
Risk/Reward: 1:2.56
Stop zone: 1.49300 or just above 24th of march high
Target zone: 1.45200 or at evidence of reversal
Agree/Disagree? Comment Below!
Comment:
Trade Closed. Stop Hit.