The long term bearish trend is seemingly holding, even after the test of a key hourly resistance. A 5 min downtrend has clearly formed indicating bearish momentum on the lower timeframes. Good time to short? Perhaps.
ONLY TIME WILL TELL
ONLY TIME WILL TELL
Trade active
1RR reached.Moved stop loss to BE
Officially a risk free trade now.
Trade closed: target reached
Take profit hit2.75 RR secured
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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.