First Of All Sorry For Posting This Late About This Trade Was Watching it Few Days Back And Forgot About This Trade Due To Work Load
Reasons To Short
1- Descending Triangle Pattern
2- High Volume
3-Moving Averages Gap Shows Volume
4-Major Support Break
5-Candle Close Below The Lows
6- News Is Following The Market
7-Trend Following Pattern Formation
8-Institutional Volume Shorts Seen @ 2.81400 Level Clearly
In The conclusion of this trade i want to say that as this trade is looking good but there is no bearish divergence so trade with care as trend following patterns have less probability then trend reversals.