Your divergence signals plug is back at it again !.
REASON FOR THE SELL TRADE
1. Our 200 EMA is serving as our 50% (Average) level on our RSI. 2. The confluences are as clear as day, both at our previous resistance and our trendline 3. Price is already overbought but not over over bought yet, price must be over over bought at our confluence. 4. Divergence confirmed both in our main price on our chart, RSI and AO. 5. Monday is market open which means prices needs to adjust for the new week meaning, prices need to get centered on a moving average in this case, our 200 Exponential MA.
Right after this post is published, i will set my alert to be received via email and mobile notification so i don't miss this scalping opportunity.
Calculations: STOP LOSS (SL) is set at 51 points (or pips) whereas our TAKE PROFIT (TP) is set at a whooping 550 points (or pips)
So therefore, using the following lots on a 50 spread account, you manage a loss and make a profit of: 0.01 (10 cents) = SL - $5.10 TP - $55 0.10 (1 dollar) = SL - $51 TP - $550 1.00 (10 dollars) = SL - $510 TP - $5500 10.00 (100 dollars) = SL - $5100 TP - $55,000
Use proper risk management, use proper money management !.
I have time on my hands hence the essay-like breakdown of this trade lol !.
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.