Hi traders, looking back about a year ago you can see
- a H&S had formed in the daily chart which might be completed soon.
- Yesterday‘s candle was a red hammer, a warning that a resistance level had been reached.
- Price has pierced the upper bollinger band.
- stochastic and RSI are overbought
- price was rejected near the upper trendline of the falling wedge.
So I expect a reversal and decided to go short yesterday :
entry 148
SL 153
TP 109
Maybe I am totally wrong and tomorrow the uptrend continues.
What do you think?
- a H&S had formed in the daily chart which might be completed soon.
- Yesterday‘s candle was a red hammer, a warning that a resistance level had been reached.
- Price has pierced the upper bollinger band.
- stochastic and RSI are overbought
- price was rejected near the upper trendline of the falling wedge.
So I expect a reversal and decided to go short yesterday :
entry 148
SL 153
TP 109
Maybe I am totally wrong and tomorrow the uptrend continues.
What do you think?