Hey guys,
i wanted to share with you this setup for i've found lots of different clues pointing in the selling direction. As you can see in the illustration above we have: Cypher pattern (already completed), daily structure, an engulfing shooting star candle, a round psychological number, RSI divergence and RSI overbought condition all together in the same place.
Given the situation, i think i'll undoubtedly set my orders on and wait for price to trigger them.
I'll keep you updated.
As usual, feel free to comment if you want to share your standpoint or ask questions.
Otherwise, see you in the next chart!
i wanted to share with you this setup for i've found lots of different clues pointing in the selling direction. As you can see in the illustration above we have: Cypher pattern (already completed), daily structure, an engulfing shooting star candle, a round psychological number, RSI divergence and RSI overbought condition all together in the same place.
Given the situation, i think i'll undoubtedly set my orders on and wait for price to trigger them.
I'll keep you updated.
As usual, feel free to comment if you want to share your standpoint or ask questions.
Otherwise, see you in the next chart!
Trade active
Comment:
For those of you who are not in the trade, there's a Bat Pattern at market near the entry point:
Trade closed: stop reached