With price trading within a clear channel and recently getting a rejection from the supply zone, it signals the sellers' pressure towards the looney. Additionally, it is forming an H&S pattern, allowing the setup of a short-order if the price happens to break the pattern's neck level.
The order:
Type: sell-stop
S/L: 25 pips - R:R | 1:2.5 -
T/P: support level
--
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The order:
Type: sell-stop
S/L: 25 pips - R:R | 1:2.5 -
T/P: support level
--
*** If you like the idea, don't be shy, click on like and comment. If you disagree, just comment ;-) | Thanks for your support!!! ***
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FEEL FREE TO CHECK MY SOCIAL NETWORKS FOR MORE MARKET INFORMATION 🇺🇸 🇪🇸
INSTAGRAM:
instagram.com/og.fxtrader
FREE TELEGRAM:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.