Short position taken out with a 2+ R:R. Confluences include a bounce from the descending trendline. PA is within a range and has been bouncing between this. TP set at next significant support level. PA is also looking indecisive and gives an indication of reversal.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.