We're currently trending down on cable as the market is making low lows and lower highs. Due to this, I am only waiting on short trading opportunities. The pair has completed a bat pattern and went quite deep into the 1 hour supply zone but luckily in this case I wasn't at the laptop and thus got a better entry allowing for a tighter stop loss and better risk reward.
Price is also touching some minor structure and has formed a double top giving added confluence.
Price is also touching some minor structure and has formed a double top giving added confluence.
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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.