Price reached a daily resistance last week and respected it. The price was consolidating and finally broke the previous low (support) on the H4 chart, forming a lower low and signaling the beginning of a downtrend/fall.
I'm on the lookout for a retest of the broken support on H1 for entry for a sell to the next low.
Risk - 30 pips
Reward - 172 pips
I'm on the lookout for a retest of the broken support on H1 for entry for a sell to the next low.
Risk - 30 pips
Reward - 172 pips
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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.