reasons for short:
Head and shoulder formation + strong key level
SL above key level
TP just above the third touch of the trend line
Price action is rejecting a really strong resistance level, in case PA breaks down the triangle I will be looking for a swing trade to the downside, if there is a breakout to the upside then visa versa.
Head and shoulder formation + strong key level
SL above key level
TP just above the third touch of the trend line
Price action is rejecting a really strong resistance level, in case PA breaks down the triangle I will be looking for a swing trade to the downside, if there is a breakout to the upside then visa versa.
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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.