Price has formed a head & shoulder pattern on the daily, and on the 4H TF we are currently trading in a descending channel and price has rejected off of resistance...on the daily the neckline has been broken and a nice retest has printed with the neckline & the descending trend line protecting our stop loss then we have some great potential to the downside with a great 1.01 Risk Reward Ratio.
Trade closed: stop reached