The Hourly Chart changed character to the downside. I was waiting for retest of the structure breaking point. Slightly impulsive entry, high risk or liquidity grab trap, however, if the trend gets going, Risk to reward ratio is very attractive.
Comment
Bearish Divergence spotted. However, if price fails to break the low, chances are there might be higher retracement or event reversal.
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.