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I can see a continuation of the bearish trend after a retracement to the 25 EMA due to the RSI being too low.
To support my prediction, I have the bearish trend coming off from a resistance found in the daily timeframe .
The stop-loss has been positioned with respect to the previous consolidation region. An ambitious target price was chosen short of a support region spotted in the weekly timeframe .
To support my prediction, I have the bearish trend coming off from a resistance found in the daily timeframe .
The stop-loss has been positioned with respect to the previous consolidation region. An ambitious target price was chosen short of a support region spotted in the weekly timeframe .
Trade closed manually:
Stop loss was triggered at entry price.
Stop-loss has been moved to the entry price