Price hit the major resistance then drop
The trend is in ascending channel (Reversal pattern)
Price making consolidation at the bottom of trend line
This trade is a risky trade. Trade only if the RR ratio is acceptable
Sell the breakout
SL: 113
TP: 108
(Note: Never trade with the money you can't afford to lose)
Good luck.
Please like, comment, and follow to support the author if you find this analysis helpful.
The trend is in ascending channel (Reversal pattern)
Price making consolidation at the bottom of trend line
This trade is a risky trade. Trade only if the RR ratio is acceptable
Sell the breakout
SL: 113
TP: 108
(Note: Never trade with the money you can't afford to lose)
Good luck.
Please like, comment, and follow to support the author if you find this analysis helpful.
Note
wait for the breakout, price still in consolidation at the moment.Note
Trade active
good luck
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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.