The COT Index provided a Sell Signal in the last weeks and bearish seasonality in 6 years and 9 years average. Bearish trend reversal confirmed with close of candle below support level (now resistane) on 3.11.2023:
1d and 4h show strong bearish reversal areas according to marketstructure. A 4h close will give a great oppertunity for short trade w take profit just above next strong suppot key level.
RR 1:1.5
Make your own decisions.
1d and 4h show strong bearish reversal areas according to marketstructure. A 4h close will give a great oppertunity for short trade w take profit just above next strong suppot key level.
RR 1:1.5
Make your own decisions.
Comment:
Trade closed: target reached