Price at important supply zone , it is in upward channel, there was some impulse after double top and retest to the level. If we see some bearish evidence, it might good idea to short to Fibo 618.
This is counter trend trade so be very cautious.
Reason to trade:
supply zone on weekly
double top and retest on hourly
impulse after double top
ascending channel
Fibo 1.272
This is counter trend trade so be very cautious.
Reason to trade:
supply zone on weekly
double top and retest on hourly
impulse after double top
ascending channel
Fibo 1.272
Comment:
there is no bearish evidence so if price make new high, this idea is invalidated
Comment:
on 5 minute chart , H&S is forming, there is chance for this trade to materialize
on 5 minute chart , H&S is forming, there is chance for this trade to materialize
Comment:
with that price action, it is for us to decide to take the trade or not, small Stop above the high should do the job if this market wanted as expected
with that price action, it is for us to decide to take the trade or not, small Stop above the high should do the job if this market wanted as expected