Our daily time frame indicates a bearish market. Our probabilities are clearly higher if we follow the trend. 4 Hour structure is now bearish once again. We have seen a pullback to a level of resistance in the market. At this moment, price has broken support of the consolidation zone. Take a look at smaller time frames. We wait for ANOTHER pullback on the 1 Hour time frame and engulfing pattern. The shift in volume back to the downside signifies our entry.
Trade closed: target reached
130 Pips Locked In
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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.