Short
FTM trading idea
FTM has been on a downtrend for days. Market respected the Higher Timeframe Trendline and broke through a resistance and a neckline of a head and shoulder pattern formed on the 4hr TF. We should be looking to enter into short position when the market retests the resistance (neckline) and shows selling signs using candlestick patterns.
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Disclaimer
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.