•price is in downtrend making a LH
•respect of supply zone and 4h key level
•trendline brake out
•engulfing candle pattern with bearish consecutive
candles showing downward steam.
•61.8 PRZ(potential reversal zone) Fibonacci level
•MA crossover to the downside in 1h chart.
•M formation
•respect of supply zone and 4h key level
•trendline brake out
•engulfing candle pattern with bearish consecutive
candles showing downward steam.
•61.8 PRZ(potential reversal zone) Fibonacci level
•MA crossover to the downside in 1h chart.
•M formation
Trade closed: target reached:
at last low of the downtrend giving me 1:2 RR not bad