Will the .8000 psych level and falling TL hold price??
Shorted on pin rejection of the .7900 psych level and wedge resistance level...
Entered a second position on a bearish engulfing pattern on a candle consolidation...
Price has broken previous rising TL support, tested and rejected it confirming a possible continuation down...
Trade was based off a pin bar/shooting star rejection of resistance. Targeting recent support area...
This is a paper trade only. Idea is based off of morning star formation and the target is the most recent swing high...
Trade description appears on the chart itself...