The downtrend is confirmed with the formation of two lower highs and lower lows on the D1 time frame.
We want to ride this momentum with evident selling pressure, and will be taking entries on the retest.
Risking 1/2%(45 pips), we'll aim for 500 pips (10-50%) along the way.
Entries can be taken now as well, but with a greater risk, around 80 pips
We want to ride this momentum with evident selling pressure, and will be taking entries on the retest.
Risking 1/2%(45 pips), we'll aim for 500 pips (10-50%) along the way.
Entries can be taken now as well, but with a greater risk, around 80 pips
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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.