The charts show we have a lower high previously formed, indicating that sellers are taking over and pushing price down.
This creates a line for us to place our trade. There is strong evidence this zone is optimal for a reversal.
Reasons to enter?
1. We have a formation soon to complete
2. completion confluences with previously identified resistance line
1. Await reversal candle at 886 and structure before placing any trades.
2. TP and SL optimised for the formation
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