Engulfing & Shooting Star reversal candle on rising wedge
MACD Divergence + RSI divergence (not shown in chart)
Take profit levels and stop loss shown on chart.
Tip: set the TP levels a few pips higher.
Happy Trading!
Share your view
MACD Divergence + RSI divergence (not shown in chart)
Take profit levels and stop loss shown on chart.
Tip: set the TP levels a few pips higher.
Happy Trading!
Share your view
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What happened?
Well, the setup was good but still the trade reversed quickly. So why?
From my analysis the ECB's interest rate decision was more dovish than expected cause the euro to strengthen via dollar selloff. This is currently happening across different currencies.
Well, the setup was good but still the trade reversed quickly. So why?
From my analysis the ECB's interest rate decision was more dovish than expected cause the euro to strengthen via dollar selloff. This is currently happening across different currencies.