Hey guys,
i don't usually trade in these lower timeframe, but this time i think it could be a nice level to short. The blue line represents a previous level of structure, and price has created new lows breaking through that level. So i'm thinking it could turn into resistance and hold the price's rally.
Stops above X, targets as usual for harmonic patterns.
If you have any questions, feel free to comment below.
Otherwise, see you in the next chart!
i don't usually trade in these lower timeframe, but this time i think it could be a nice level to short. The blue line represents a previous level of structure, and price has created new lows breaking through that level. So i'm thinking it could turn into resistance and hold the price's rally.
Stops above X, targets as usual for harmonic patterns.
If you have any questions, feel free to comment below.
Otherwise, see you in the next chart!
Trade closed: stop reached
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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.
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.