Price action has formed LH forming a descending trendline from D1 and H4. A strong bearish pin bar signaling rejection from buyers, allows the setup for a short play, expecting a pullback to the recently broken resistance level
The order:
Type: sell-limit
S/L: 48 pips - R:R | 1:2 -
T/P: aiming towards a support trendline.
--
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The order:
Type: sell-limit
S/L: 48 pips - R:R | 1:2 -
T/P: aiming towards a support trendline.
--
*** If you like the idea, don't be shy, click on like and comment. If you do not agree, 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.