Buyers are showing signs of weakness, and we can see the following confirmation for sell entry:
1. MA Crossover
2. RSI Divergence
3. Action happening between 1.272 and 1.618 FIB extension level
Entry - Now at 146.6
SL - 147.00 There is no point for a higher SL because MA will cross in the opposite direction.
TP - 2RR because I want the trade closed before the weekend.
If SL hit, then another MA cross in the downside must develop, in order to open another SELL. Buy scenario is out for the moment.
Don't Stumble Trading. Trade Safe!
1. MA Crossover
2. RSI Divergence
3. Action happening between 1.272 and 1.618 FIB extension level
Entry - Now at 146.6
SL - 147.00 There is no point for a higher SL because MA will cross in the opposite direction.
TP - 2RR because I want the trade closed before the weekend.
If SL hit, then another MA cross in the downside must develop, in order to open another SELL. Buy scenario is out for the moment.
Don't Stumble Trading. Trade Safe!