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Will the .8000 psych level and falling TL hold price??
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Shorted on pin rejection of the .7900 psych level and wedge resistance level...
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Entered a second position on a bearish engulfing pattern on a candle consolidation...
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Price has broken previous rising TL support, tested and rejected it confirming a possible continuation down...
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Trade was based off a pin bar/shooting star rejection of resistance. Targeting recent support area...
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This is a paper trade only. Idea is based off of morning star formation and the target is the most recent swing high...
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Trade description appears on the chart itself...
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