Although price action idd clearly under a bearish bias, the price has bounced from a previous supply zone. It moves towards the descending trendline to end the pullback (a correction from a downtrend impulse).
The current structure allows the setup for a countertrend position to capture the pullback.
The order:
Type: buy-limit
S/L: 24 pips - R:R | 1:2.5 -
T/P: descending trendline
--
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The current structure allows the setup for a countertrend position to capture the pullback.
The order:
Type: buy-limit
S/L: 24 pips - R:R | 1:2.5 -
T/P: descending trendline
--
*** If you like the idea, don't be shy, click on like and comment. If you disagree, just comment ;-) | Thanks for your support!!! ***
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FEEL FREE TO CHECK MY SOCIAL NETWORKS FOR MORE MARKET INFORMATION 🇺🇸 🇪🇸
INSTAGRAM:
instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
TWITTER
twitter.com/ogfxtrader
FACEBOOK
facebook.com/ogfxtrader
INSTAGRAM:
instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
twitter.com/ogfxtrader
facebook.com/ogfxtrader
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.