Time to fallback
Updated
Confluences
1. Long-term Downtrend.
2.Near trend line resistance and supply area.
3.Did not create higher high at 8hrs time frame.
4.Shooting star candle stick at Daily time frame.
5.4Hr time frame MA is pointing down.
Entry 0.81200
Stop loss 0.82100 (Slightly above last swing high)
TP1 0.80000 (1st support area)
TP 2 0.78515 (Near bottom channel)
1. Long-term Downtrend.
2.Near trend line resistance and supply area.
3.Did not create higher high at 8hrs time frame.
4.Shooting star candle stick at Daily time frame.
5.4Hr time frame MA is pointing down.
Entry 0.81200
Stop loss 0.82100 (Slightly above last swing high)
TP1 0.80000 (1st support area)
TP 2 0.78515 (Near bottom channel)
Note
SL hitted
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