We have a structured based opportunity to get short.
Overbought condition while hitting a clear structure zone which should act as resistance. As a parachute we also have a falling trendline which should protect our stop loss.
Decisive bearish candle acts as my signal to entry.
Target historical support level
Overbought condition while hitting a clear structure zone which should act as resistance. As a parachute we also have a falling trendline which should protect our stop loss.
Decisive bearish candle acts as my signal to entry.
Target historical support level
Trade closed: target reached
Yup!
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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.