Price is in down trend and its moving inside descending chanel. We can see impulses and corrections inside the chanel. Its possible that price will make another impulse to the down side or break up and continue all the way up to daily trend line.
Note
15 minute chart analysis update. We can see on lower time frame how price was moving inside channel. Overall trend in channel was up until price found resistance level and failed to make another high. Also pin bar candle indicate possible shift in trend. R/R ratio is 1:4 so it is reasonable trade set up.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.