Following a Double Top, price recently broke and closed below the last swing low.
Price has now retraced to test broken support and the 50% Fibonacci level, with bearish candles appearing.
ADX is holding steady above 20, and the RSI is not oversold.
A decent short opportunity has presented itself, with decent RR on offer (1.8R on first target, 3R on 2nd target).
Price has now retraced to test broken support and the 50% Fibonacci level, with bearish candles appearing.
ADX is holding steady above 20, and the RSI is not oversold.
A decent short opportunity has presented itself, with decent RR on offer (1.8R on first target, 3R on 2nd target).
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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.