Breakdown out of the range (rectangle) Reward/Risk: 3/1 Entry: 1.5298 or at a higher price Stop: 1.5380 Target: 1.5050
Looking for a nice short trade on GA
HH HL Retails Trapped Monthly & weekly trend also up.
Reasons- Stop raid Upper trendline Macd bearish divergence
Elliot Wave Daily, H4 & H1 Trendline support Key Level OB & LaunchPad
Reasons- 1) Weekly & daily trend is up 2) Bullish OB 3) Small stop for a big reward. Kindly trade at your own risk. Good Luck ^_^
We're dealing with a bearish divergence and a resistance level. I'm going short once it completes the triangle (a reversal pattern)