Manually closed position awaiting the 3rd bounce to re-enter a short position.
ABCD formation Along with price action rejecting the resistance showed by the yellow strip another bearish leg to the downside is now in play.
ABCD formation inside bar formation Bearish engulfing
This pair is in a uptrend however the opportunity to go long is gone. I will wait until Price action has retraced and await the a break or bounce in either direction.
Monthly: Inside bar formation. Up trend. Weekly: Stuck within a range awaiting a burst to the upside. Daily: 4th bounce of trend line. 4h: Inside bar formation. ABCD formation. Counter trend line.
GOT stopped out of the last trade on price action printing a lower high and placing stop loss at 38.20% however my outlook on this place is still bearish.