Reason for SHORT :
1. Bear flag pattern possibly forming.
2. Doji formed below fibo 0.5 and also below a resistance area.
3.Good risk : reward ratio.
Can sell once the third bearish candle successfully formed.
Can add SHORT position once break the small increasing channel.
1. Bear flag pattern possibly forming.
2. Doji formed below fibo 0.5 and also below a resistance area.
3.Good risk : reward ratio.
Can sell once the third bearish candle successfully formed.
Can add SHORT position once break the small increasing channel.