Price is currently forming a Bear Flag within a Rising Wedge.
I'm looking at two potential areas of entry to short, either at the Horizontal SR level which coincides with the top of the Rising Wedge, or a potential Break and Retest of the potential Bear Flag.
Potential TP would be at the bottom of the Rising Wedge which would give us a good R:R of 1:5
I'm looking at two potential areas of entry to short, either at the Horizontal SR level which coincides with the top of the Rising Wedge, or a potential Break and Retest of the potential Bear Flag.
Potential TP would be at the bottom of the Rising Wedge which would give us a good R:R of 1:5
Comment:
SL just hit unfortunately on this one
