Potential Downside EJ
Updated
Price pattern occurred on a weak S&R zone. Not expecting a big move to the downside to happen yet.
3rd hit to the Low of the Month is likely before another potential big move to break Yearly highs, Then the big drop.
If not it may fall from here.
Sell Stops below the Low of today's daily candle
Poor Risk to reward on the first trade because of a potential bounce off of the low of the month.
3rd hit to the Low of the Month is likely before another potential big move to break Yearly highs, Then the big drop.
If not it may fall from here.
Sell Stops below the Low of today's daily candle
Poor Risk to reward on the first trade because of a potential bounce off of the low of the month.
Order cancelled
Trade not triggeredDisclaimer
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