The 4-hour candlestick has decisively broken below the 50 MA, confirming bearish momentum. Moves like this typically trigger strong selling pressure. Combined with the overall bearish market structure and a key Fibonacci resistance level sitting neatly within our stop-loss zone, this setup offers an excellent risk-to-reward trade opportunity.
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.
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.