We have a daily trend line which was tested the previous 2 days and now we have a pullback to the trend line which is now acting as resistance. From here we have 4h structure which broke down, therefore the unpopular opinion would be to take the short opportunity in anticipation of a correction to the downside for at least a 1:2 risk to reward trade. Keep in mind news such as stimulus approval could interfere with technicals so manage and accept risk prior to entry
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.
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.