Lower highs and lower lows that are forming are indicating a bearish trend. Furthermore, series of bearish candle stick patterns are indicting the strength of sellers, which means further downtrend is possible. Entry has been taken in the middle of bearish trend, and therefore, take profit is at the next support, with a risk reward ratio of 1 : 1.5
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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.