Price Action Analysis
Price remains in a bearish trend, currently approaching a major resistance level
Price continues to trade below the Daily 20MA, indicating sustained bearish momentum
Waiting for a confirmed rejection at resistance on the lower timeframe before considering a potential short entry
Take profit is positioned at the next major support level
Always apply proper risk management and maintain a well positioned stop loss with sufficient room for market fluctuations
Price remains in a bearish trend, currently approaching a major resistance level
Price continues to trade below the Daily 20MA, indicating sustained bearish momentum
Waiting for a confirmed rejection at resistance on the lower timeframe before considering a potential short entry
Take profit is positioned at the next major support level
Always apply proper risk management and maintain a well positioned stop loss with sufficient room for market fluctuations
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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.
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.