As we can see from the illustration, the overall market direction is bearish. The price attempted a fake breakout to the upside to catch retail Stop Losses, and it is now getting ready to drop. We will be opening Sell positions and aiming for the target shown on the chart
Looking at current price i see price continuing to the downside during the upcoming London session. Waiting for a retest of the trendline and confirmation on the 1H before executing this sell trade. My first take profit target will be 150.950 respectively.
Quick upward trendline break. Supply and demand tight . engulfing candle from supply indicates potential zig zag between supply and demand zone . TP and SL are indicated on chart .
4H frame we have a 1-Fib retracement ( 0.5 / 0.618 ) 2- Key level 3- Bearish trend 4- Triangle Zone( Resistance ) 3.5:1 RR Short Trade
The chart would speak for itself in my opinion. As seen in previous sessions we can see that price stays perfectly in range of the S&R in the downtrend. Below on the Daily timeframe we can see that price failed to stay above the Daily support and it basicly have to cool down again No Advice just my personal idea Trade and Stay Safe!