As a price action trader, one of the uniques ways i employ in my analysis is the chart patterns. As clearly seen in this chart, there's a head and shoulder pattern with neckline broken. This alone indicate a trend reversal. In addition, a retest of the trend line coupled with a 4hr bearish engulfing pattern is being formed and that's a confirmation for short. I've clearly indicated the trade Idea
Entry: 27403
Sl:27690
Tp: 20180
Direction: Short
Entry: 27403
Sl:27690
Tp: 20180
Direction: Short
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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.