Confluences
1. Long-term Downtrend.
2.Near trend line resistance and supply area.
3.Did not create higher high at 8hrs time frame.
4.Shooting star candle stick at Daily time frame.
5.4Hr time frame MA is pointing down.
Entry 0.81200
Stop loss 0.82100 (Slightly above last swing high)
TP1 0.80000 (1st support area)
TP 2 0.78515 (Near bottom channel)
1. Long-term Downtrend.
2.Near trend line resistance and supply area.
3.Did not create higher high at 8hrs time frame.
4.Shooting star candle stick at Daily time frame.
5.4Hr time frame MA is pointing down.
Entry 0.81200
Stop loss 0.82100 (Slightly above last swing high)
TP1 0.80000 (1st support area)
TP 2 0.78515 (Near bottom channel)
Note
SL hitted
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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.