we see price approaching the trendline in a corrective manner as two previous times if you hop on the 15m we see price also formed a channel to which its approaching the trendline resistance i have placed sell stops under previous support to catch the down movement if and when it occurs
Note
Price is close to impulsing downwards to activate the sellstopsNote
price went nowhere near our sell stops trade hasnt activated yet but im keeping my sell stops in place if price re enters the zone we still may see this trade play out
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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.