The bearish setup is reinforced by
Rejection at the key resistance zone
Clear lower high and lower low structures
Bearish target marked at $3,254 a strong support level from recent price action
The red zone above represents the stop-loss area suggesting a favorable risk-to-reward ratio for short positions If price breaks above $3,308 the bearish scenario may be invalidated
Rejection at the key resistance zone
Clear lower high and lower low structures
Bearish target marked at $3,254 a strong support level from recent price action
The red zone above represents the stop-loss area suggesting a favorable risk-to-reward ratio for short positions If price breaks above $3,308 the bearish scenario may be invalidated
Trade active
Note
Running 150 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.