Hello Traders,
We could see the current price is making some consolidation within the ranges after the impulsive bearish movement. However, to see the continuation of the downtrend appear, we need to wait until the price able to breakout the ranges and respect it as new solid resistance or supply zones by seeing the potential evidence of buyers off.
Before taking this idea please mind your core principles of your trade confluences with proper risk reward management.
***** Disclaimer ******
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
Moreover, if you like my ideas and do take the same trade, please write it in the comment so we can manage the trade together.
Thank you for your support!
We could see the current price is making some consolidation within the ranges after the impulsive bearish movement. However, to see the continuation of the downtrend appear, we need to wait until the price able to breakout the ranges and respect it as new solid resistance or supply zones by seeing the potential evidence of buyers off.
Before taking this idea please mind your core principles of your trade confluences with proper risk reward management.
***** Disclaimer ******
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
Moreover, if you like my ideas and do take the same trade, please write it in the comment so we can manage the trade together.
Thank you for your support!
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.
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.