Shooting star formed at end of downtrend retracement
Trendline channel shows price has hit resistance of upper trendline
Previous support held
(retracemnet of .38%)
MA crossover suggest downtrend resumes
Set up also similar on 4hr chart
R:R 3:1
strategy focusing on:
-price action
-support/resistance
-trendlines
Trendline channel shows price has hit resistance of upper trendline
Previous support held
(retracemnet of .38%)
MA crossover suggest downtrend resumes
Set up also similar on 4hr chart
R:R 3:1
strategy focusing on:
-price action
-support/resistance
-trendlines
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.