On the H4 chart we can see, that the price broke out of bullish Kumo and below daily support. This level is not defended too strong, there are breakouts, but despite that it is a great place to look for a short opportunity. For instance, if current bearish candle will end in a form of a pin bar, we can think about opening short position targeting another support.
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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.