- Bearish MA Cross on H1, M30, M15 timeframes
- Bearish price structure on higher timeframes
- Bearish candlestick for previous H4 candlestick
- Break of support, retest and rejection of support turned resistance, bearish engulfing variation is being formed on M15
- Price needs to move blow exhaustion zone based on H4 candlestick wicks to create a new LL
- Decent Risk / Reward
- Bearish price structure on higher timeframes
- Bearish candlestick for previous H4 candlestick
- Break of support, retest and rejection of support turned resistance, bearish engulfing variation is being formed on M15
- Price needs to move blow exhaustion zone based on H4 candlestick wicks to create a new LL
- Decent Risk / Reward
Note
- Bearish candlestick for previous H1 candlestick*- Bearish engulfing completed on M15, sellers are in control
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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.