Pennant formation seen in H4 TF and what we know about pennant is either a continuation of trend or a reversal of trend. At this hour, we can see a bearish breakout. I will be taking my position from the retest box and my stoploss right above the high. Apply proper risk management
Trade closed: target reached
target reached but missed out on entry
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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.