We have a right tip confirmation for King's crown bear signal.
We have created a new low on October 2nd (yellow circle) and price moved up to hit the right tip. Expecting price to fall down now as we are also at the downtrend line area.
Indicators:
1. New low created (yellow dot)
2. RSI on daily and 4 hr in strong sell zone.
3. Right tip created.
Entry @ current price of 105.65
TP 1 @ 105.00
TP 2 @ 104.75
Good luck trading!
Charles V
CVFXmanagement.com
Trading made Simple
We have created a new low on October 2nd (yellow circle) and price moved up to hit the right tip. Expecting price to fall down now as we are also at the downtrend line area.
Indicators:
1. New low created (yellow dot)
2. RSI on daily and 4 hr in strong sell zone.
3. Right tip created.
Entry @ current price of 105.65
TP 1 @ 105.00
TP 2 @ 104.75
Good luck trading!
Charles V
CVFXmanagement.com
Trading made Simple
Technicals still point south but it is better to be safe when trading FX.