Possible Down Trend Continuation
As we all know, D1 is creating a rising wedge pattern and broke the support trend line last Friday. On the H4, it proves that it is indeed a bearish signal as the price broke the D1 trend line and the 50 EMA creating ourselves a time frame confluence and that our bearish bias is approved.
For our entry, on the H1, I saw a hidden bearish divergence indicating a possible trend continuation on the downside.
3 time frame confluence and a hidden divergence for our entry. Making this a high probability trade for SHORT.
Risk Reward is highly subjective.
Disclaimer: All strategies are not 100% accurate. TRADE AT YOUR OWN RISK!
For our entry, on the H1, I saw a hidden bearish divergence indicating a possible trend continuation on the downside.
3 time frame confluence and a hidden divergence for our entry. Making this a high probability trade for SHORT.
Risk Reward is highly subjective.
Disclaimer: All strategies are not 100% accurate. TRADE AT YOUR OWN RISK!
Komentarz:
SL would be at 0.645555