Price has broken below the daily trendline, where it found support on four separate occasions.
When retesting the trendline last week, price appeared to reject with 2 consecutive 4 hour bearish candles.
If you agree with this analysis then look for a sell setup that meets your strategy rules.
When retesting the trendline last week, price appeared to reject with 2 consecutive 4 hour bearish candles.
If you agree with this analysis then look for a sell setup that meets your strategy rules.
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Low-Cost Trading, for everyone, everywhere.
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.