1. Broke daily and 4 hourly structure.
2. Has good selling pressure evidenced by the wick on top of candle as shown under the arrow.
3. Inside Bar breakdown.
4. Volume is high on selling pressure.
*Risk is that RR is not fantastic with the first level of take profit.
2. Has good selling pressure evidenced by the wick on top of candle as shown under the arrow.
3. Inside Bar breakdown.
4. Volume is high on selling pressure.
*Risk is that RR is not fantastic with the first level of take profit.
Comment:
very bearish. Hold on to short.
Comment:
Target already reached. Remember to take some profits. I have taken 3/4 position out due to strong aggressive new low prices formed. Will be looking to add more on potential pullbacks.
Trade closed: target reached