Bulls can't break the Parallel Channel |Short bearish move ahead
Forecast: As can be seen from the chart, we can notice a fake breakout attempt above 1523 level.
Other than that, the market moves inside of the Parallel Channel. Short-term bearish movement expected.
Trade plan:
1. Wait for the 1h candle close below the previous candle or inside the Parallel Channel.
2. Wait for the bearish confirmation candle.
3. Short.
Remember it's only for "short term". Key points are risk management and confirmations.
Disclaimer: Trade at your own risk. I'm sharing my ideas and not giving trading advice.
Always plan your trade and trade your plan.
Other than that, the market moves inside of the Parallel Channel. Short-term bearish movement expected.
Trade plan:
1. Wait for the 1h candle close below the previous candle or inside the Parallel Channel.
2. Wait for the bearish confirmation candle.
3. Short.
Remember it's only for "short term". Key points are risk management and confirmations.
Disclaimer: Trade at your own risk. I'm sharing my ideas and not giving trading advice.
Always plan your trade and trade your plan.
Comment:
Waiting for the confirmation.
Comment:
Put your s/l to 1510.20
Trade closed: target reached:
Successfully shorted.