Nowadays I don't make trading complex anymore and it has shown results. Now to the trade of today.
My main confluences for this trade are:
(1) Ascending Triangle- as I have found of from my experiences, it's not all the time that an ascending triangle breaks upwards. This time it broke downwards signifying a downward run.
(2) Break of the TL 1- basically in forex it's common knowledge that a break in your TL signifies a change in the trend direction.
(3) Obeys TL2- here price follows the trend of TL2. implying a continuation of the downward trend.
(4) The cross of both the 21 & 8 MA- again it's common knowledge for those who use MA indicators that when the 21 & 8 cross price will probably move in that direction.
Let's watch and see what the market has in store for us!
My main confluences for this trade are:
(1) Ascending Triangle- as I have found of from my experiences, it's not all the time that an ascending triangle breaks upwards. This time it broke downwards signifying a downward run.
(2) Break of the TL 1- basically in forex it's common knowledge that a break in your TL signifies a change in the trend direction.
(3) Obeys TL2- here price follows the trend of TL2. implying a continuation of the downward trend.
(4) The cross of both the 21 & 8 MA- again it's common knowledge for those who use MA indicators that when the 21 & 8 cross price will probably move in that direction.
Let's watch and see what the market has in store for us!
Trade fechado: stop atingido
SL reached! we move unto the next
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.