1. Downtrend (strong)
2. Key resistance/OB area being rejected AFTER sweeping liquidity
3. MAJOR pullback
4. High RSI (78 on M15)
5. Lines up with Trendline (just a little thing that adds on as part of confluence)
All the signs are there, I would say the 1-4 points being the key.
That's really my breakdown/how I view the trade. Huge R potential here, once again.
2. Key resistance/OB area being rejected AFTER sweeping liquidity
3. MAJOR pullback
4. High RSI (78 on M15)
5. Lines up with Trendline (just a little thing that adds on as part of confluence)
All the signs are there, I would say the 1-4 points being the key.
That's really my breakdown/how I view the trade. Huge R potential here, once again.
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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.