As you can see price is currently at the 200 EMA and in a downtrend. As you can see in the past price respected the 200 EMA.
These 3 factors combined give me a sell signal, for our stoploss we double the current value of the ATR, at 180 pip stoploss.
For our take profit we are aiming for the recent swing low. stoploss and take profit can be trailed.
These 3 factors combined give me a sell signal, for our stoploss we double the current value of the ATR, at 180 pip stoploss.
For our take profit we are aiming for the recent swing low. stoploss and take profit can be trailed.