thewolfoftradestreet

thewolfoftradestreet

fib retracement + rsi overbought + psych. resistance lvl. + strong downtrend = SHORT

thewolfoftradestreet

if closes below short. coz there is asuport lvl ma reverse and if breaks clear bearish sign

thewolfoftradestreet

Here it breaks the support line which is really strong. meaning we should go short coz it shows us its not longer relevant

thewolfoftradestreet

Here we can see perfect example. We are in a bearish trend = we only go short. Now we are waiting on a pullback on a support zone for the short trade. We are placing our fib retracement tool and see it would perfectly bounce off the 38.2 lvl. Which is also the previous support level for short trades. We are basically now waiting for a bearish candle stick pattern...

thewolfoftradestreet

this resistance zone was tested multiple times. if it breaks out we are gonna set a long order

thewolfoftradestreet

Bearish flag pattern shows we could go short after it closes below the black line

thewolfoftradestreet

we have support and it looks like a reversal so what we are waiting for is a bullish signal on the support zone to go long and take 36 pips with us