Price is in a strong downtrend in higher periods, found a resistance area along with a downtrend line, leaving us a strong bearish pin-bar. Price broke the consolidation at lower time-frames to the down side, came back to the retest, and is now, possibly, starting a new fall. I`m going short after the price loses the lowest price of the last 4h candle.
Trade closed: target reached
;)
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.
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.