Hi pros!
as we can see the bear flag formed for some days, price break down and pullback to it.
With the fact that this is the potential best opportunity to enter to enjoy the trade of the bear flag, we also have a confirmation : the confluence of resistance
based on : trendline, 0.618 fib and structure
results: high probability to win
R:R is decent for the first TP and high for the second tps
Aiming for the levels drawn in the charts and final target is blue box which is 0.888 fib of the all retracement move.
as we can see the bear flag formed for some days, price break down and pullback to it.
With the fact that this is the potential best opportunity to enter to enjoy the trade of the bear flag, we also have a confirmation : the confluence of resistance
based on : trendline, 0.618 fib and structure
results: high probability to win
R:R is decent for the first TP and high for the second tps
Aiming for the levels drawn in the charts and final target is blue box which is 0.888 fib of the all retracement move.
Trade active:
Comment:
are*
Trade closed: stop reached
multiple entries will be possible