The price is clearly not allowed above the structure and the moment the purchases stop the price falls immediately and at a high pace.
Therefore, there is no reason for the buyers to buy that high and they will let the price slide to the lows identified by the arrow.
There is a chance of an even greater move down on daily, as the price is clearly kept under a cap.
Not a pattern trade but rather price action trade.
Like and subscribe for more insights. Share your ideas in the comments! We are all here to share the knowledge after all, right?
Wish you best of luck in your trades!
Therefore, there is no reason for the buyers to buy that high and they will let the price slide to the lows identified by the arrow.
There is a chance of an even greater move down on daily, as the price is clearly kept under a cap.
Not a pattern trade but rather price action trade.
Like and subscribe for more insights. Share your ideas in the comments! We are all here to share the knowledge after all, right?
Wish you best of luck in your trades!
Comment:
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✅ My Website: www.prosignalsfx.eu/
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