Hey Tradingview world, this is my first published post! hoping to document my growth and provide value along the way. todays idea is a short based on the 4h TF. im expecting price to break out its descending wedge then resolve lower. I have a sell limit just under the 108.420 4h resistance. take profit just above the 106.809 support. my thesis will be wrong with a break and close above the recent high of 108.730. ive placed my stop at 108.8, overall this trade offers a risk reward of 4:1. will update soon
Happy Ttrading!
Happy Ttrading!
i got stopped out. loooking back I was given fair warning on the Higher TF with the crossing of the EMAs on the 1H and 4H timeframes. reevaluating my bias as market in making new Highs and is back by upward sloping Moving Averages