- We have a harmonic pattern
- The pattern is formed right on a good structure area
- The patter is formed right on 0.618 retracement
- RSI has divergence on H1
- The price didn't touch the downside of the channel yet.
Well, lots of reason to enter this trade.
- We have a Bearish Cypher formed in h4
- We have a double top formed in m15
- We have the upper trendline in the channel.
A lot of confluences saying the price will fall.
I think the price is going to test at least the 0.618 retracement.
- We have a shark formed on the daily chart.
- The shark is formed within the channel. Nice confluence.
- on H4 we have a trendline being broken.
You can trade long term here or try to get small trades on smaller timeframes.