The following signals are for a SELL trade:
1. On Daily chart, you can see the wick formed on preview candle. That means that the buyers where pushed down, and did not had enough strength to close as a full bullish candle.
2. On Renko 4H chart, we can see a resistance level.
3. On 4H chart, you can see the RSI bearish divergence.
4. On 30min chart, you can see Volume Profile, with daily range as settings, and the price is sitting under the 2 last profiles POC. The last 2 POC are at aprox same level, meaning that there is a high liquidity area.
Entry 1.0380 under POC level
SL 1.0450 above preview high. If SL is hit there are 2 probable reasons: 1, The POC level has failed as resistance and price will be pushed up, or 2, A spike or a false break above POC might happen, as SL hunting, and than the price might keep falling.
TP 1.0190 at 4RR. Considering that weekend is coming, you might want to close earlier the trade.
Don't stumble trading. Trade Safe!
1. On Daily chart, you can see the wick formed on preview candle. That means that the buyers where pushed down, and did not had enough strength to close as a full bullish candle.
2. On Renko 4H chart, we can see a resistance level.
3. On 4H chart, you can see the RSI bearish divergence.
4. On 30min chart, you can see Volume Profile, with daily range as settings, and the price is sitting under the 2 last profiles POC. The last 2 POC are at aprox same level, meaning that there is a high liquidity area.
Entry 1.0380 under POC level
SL 1.0450 above preview high. If SL is hit there are 2 probable reasons: 1, The POC level has failed as resistance and price will be pushed up, or 2, A spike or a false break above POC might happen, as SL hunting, and than the price might keep falling.
TP 1.0190 at 4RR. Considering that weekend is coming, you might want to close earlier the trade.
Don't stumble trading. Trade Safe!
Trade active
Comment:
Price might consolidate in flag pattern or sideways. I am closing at 2,5RR and I will wait for another entry on pullback at 1,03 area.
Trade active:
Trade active at1.0300 level
Trade closed: stop reached:
Sl for second trade was hit. Overall 1.5 RR