The idea base on:
1) RSI 70 Level
2) 5M trend line Break down
3) Reversal Triangle Pattern
4) 1H RSI Divergency
1) RSI 70 Level
2) 5M trend line Break down
3) Reversal Triangle Pattern
4) 1H RSI Divergency
Kommentar:
On 5M TF i can that the was created new Lower Low, after impulsive move it can correct, then continue to the TP side
Kommentar:
it is retesting to the resistance level 163.687, if it creates some reversal pattern it will be second chance to sell
Trade geschlossen: Stop wurde erreicht
Risk 0.1% of deposit
SL at the previuos high
TP above the Support level !
1:5 RR