Go Short

1 thg 6, 2020

Let's look at the trend. The market is in uptrend. First, the price hits the uptrend line and resistance level. Second, the pattern ABCD (AB=CD). Third, look at the price and Stochastic. The price is making higher highs but the Stochastic is making lower highs. This is called Regular Bearish Divergence. In conclusions, these three-confirmation show that the price will reverse to support line and Key level. So your target should be around support line and Key level. Make sure before you enter a trade, wait for the candlestick confirm first. Don't forget to calculate your risk management. Move your stop loss in the entry point (risk free)and take some profit to prevent if the price reverse back. Remember trade at your own risk!!!