This is an idea and not a signal to sell. It is for educational and demonstration purposes only. If you enter, you trade at your own risk. Always do your own analysis to confirm you agree with any idea before trading.
With that being said,
Price reached top of ascending channel and had bearish momentum. Looking for a pullback to the trendline and continuation of sell to a key zone in the market, which is the 50% or 61.8% fib level from swing low to swing high. The trade from the pullback to the trendline is a possible 575 pips after pullback.
Trade at your own risk.
With that being said,
Price reached top of ascending channel and had bearish momentum. Looking for a pullback to the trendline and continuation of sell to a key zone in the market, which is the 50% or 61.8% fib level from swing low to swing high. The trade from the pullback to the trendline is a possible 575 pips after pullback.
Trade at your own risk.
Trade closed manually:
Change in analysis. I do not believe this is ready for a drop to the downside. I still think it has more upward momentum to attain.