Price could break the support zone and we can sell in the pullback to that zone.
But, But, But , price didn't spend enough time below the support zone and this sell is very risky.
It's better to wait more time to form ideal structure below support zone and then sell in the pullback.
So i will wait for more bearish candles below support zone and then enter to short position.
But, But, But , price didn't spend enough time below the support zone and this sell is very risky.
It's better to wait more time to form ideal structure below support zone and then sell in the pullback.
So i will wait for more bearish candles below support zone and then enter to short position.
Note
I think it's enough. The support level was broken certainly and I look forward to pullback. The entry point not defined yet. Wait more time
Note
Now I set my sell limit order in this pointSell = 0.9645
SL = 0.9666
TP1 = 0.9605
TP2 = 0.9545
Signal
1. pullback to broken support level
2. 61.8% fibo retracement of last bearish move
3. key level at 0.965
4. Price near the downtrend line
Trade closed: stop reached
Profit = -20
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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.