Hello Traders,
So here we got a completion of 2618 trade setup on 4 hr. The overall trend of this pair is BULLISH but we are reaching a strong trend line (Blue) up ahead and our stop is above the double top and the trend line, thus giving the trade more room to breath. Both of the targets come at previous lower highs, making it a reasonable place to take profits off at. The RSI also touch the overbought level and seems to be returning back down, at least for now. See the chart for more details. Thank you for your time.
Trade smart and Good Luck!!
So here we got a completion of 2618 trade setup on 4 hr. The overall trend of this pair is BULLISH but we are reaching a strong trend line (Blue) up ahead and our stop is above the double top and the trend line, thus giving the trade more room to breath. Both of the targets come at previous lower highs, making it a reasonable place to take profits off at. The RSI also touch the overbought level and seems to be returning back down, at least for now. See the chart for more details. Thank you for your time.
Trade smart and Good Luck!!