The price is not far from the resistance zone formed by 1.29700 and 1.3000 levels. The daily chart is going to provide us a triple top chart pattern. This pattern belongs to the reversal group, and we can expect that the price will be able to move downward soon.
The lower timeframe like the 1H allows us to use the trend line and a breakout signal for opening sell trades.
Entry Point: below 1.29480 Stop Loss: above 1.30015 Take Profit: at 1.28285
Risk per trade must be 1% of your capital.
코멘트
⋅
The market gave us another bearish signal based on a double top. The trade is active and it is in profit. Let's see how it will be further.