Main items we see on the 4hs chart:
a)The Price found resistance on a Major (check the Weekly chart)
b)The is broken, and currently, the price is on the outside zone of that
c)On we can observe a huge Divergence
d)Using Wykoff Theory of Cause and Effect we should expect a downward movement at least of the same size of the current range
e)We will wait for a 1h confirmation testing the descending , If that happens we will set our Sell stop order as you can see on the chart
f)Our Stop will be set above the and our Take profit will be on the Daily Ascending (check the Weekly Chart)
g)The Risk-Reward Ratio of this trade is 1:2, remember to protect your capital, your maximum amount of money lost in case of a wrong forecast, should be 2% or less.
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