- Bearish price structure on the H1 timeframe. Price is pushing down from the first HL after a break of structure and down to create the first LL of the downtrend.
- Major support was broken and price rose up to retest new resistance
- MA's are bearish on M15 / H1 timeframes
- Bearish engulfing on the H1 candlestick just occurred at the same time minor support was broken
- GBP pairs are looking very weak
- Decent risk reward if being held until TP 2. Riskier trade compared to getting in a short at the rejection of the 38.2 PRZ
- Major support was broken and price rose up to retest new resistance
- MA's are bearish on M15 / H1 timeframes
- Bearish engulfing on the H1 candlestick just occurred at the same time minor support was broken
- GBP pairs are looking very weak
- Decent risk reward if being held until TP 2. Riskier trade compared to getting in a short at the rejection of the 38.2 PRZ
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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.
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.