We will see a bull flag continuation or range expansion to the downside 17-18 area. I think bull flag possibility is kinda forceful pattern so I'll go with the second option.
Entered short at 19.6 and set more orders at 20.30 - 20.60
SL 22
Targets
18.65
17.63
Reasons:
Bearish Daily Candles near known resistance area.
I don't expect a breakout with this momentum so I'll go with the trend.
Entered short at 19.6 and set more orders at 20.30 - 20.60
SL 22
Targets
18.65
17.63
Reasons:
Bearish Daily Candles near known resistance area.
I don't expect a breakout with this momentum so I'll go with the trend.
Trade closed: stop reached:
Nope. That was definitely a bull flag