MTL Scalp to 1.6
Another short explanation.
Bearish divergence forming on the 15m and a double top from the 6th June. Currently in a strong supply zone and i expect to be rejected from this area.
Set a tight stop loss as Funding is very negative and could trigger a short squeeze above the supply zone.
Bearish divergence forming on the 15m and a double top from the 6th June. Currently in a strong supply zone and i expect to be rejected from this area.
Set a tight stop loss as Funding is very negative and could trigger a short squeeze above the supply zone.
Note
Another bearish indication is the head and shoulders forming on the RSITrade closed: target reached
Tagged 1.61 and closed short
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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.