Price broke support, coming for a break out and retest on the smaller timeframe
Daily candle closed below the broken support meaning sellers are still in control
Price is below the 20MA indicating bear price action
Trend fallowing sell idea
Daily candle closed below the broken support meaning sellers are still in control
Price is below the 20MA indicating bear price action
Trend fallowing sell idea
Trade active
Price is near take profit Trade closed: stop reached
resistance did not hold, resulting to a loss
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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.