The weekly charts shows a downward trend, we are looking for bearish entry points.
Bearish Fractal signal.
Bearish EMA 50 Cross.
We have a strong bearish engulfing candle and a confirmation candle.
This is the second the resistance line was hit, I believe that the price may drop back to support and might breaktrough.
Stop loss at 2ATR
Not a great risk/reward ratio therefore not recommended trade.
Bearish Fractal signal.
Bearish EMA 50 Cross.
We have a strong bearish engulfing candle and a confirmation candle.
This is the second the resistance line was hit, I believe that the price may drop back to support and might breaktrough.
Stop loss at 2ATR
Not a great risk/reward ratio therefore not recommended trade.
Trade closed: target reached:
The price has reached target - Risky but winning trade !!!!!!