The 1-hour time frame is indicating weakness, with the formation of a head and shoulders pattern. This pattern is typically considered a bearish sign according to textbook analysis. Therefore, I have decided to take a short position.
Trade closed: stop reached
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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.