Hi traders,
Price is approaching a to descending trend line which has been respected for a while now and I expecting the same again but I would wait for a bearish engulfing candle once it touch the trendline before going short on this. I have marked the tp and sl for you as well.
Remember, the trade is only valid once it touch the trendline and create a bearish engulfing candle on the 4h or 1h chart.
Let me know your thought.
Trade safe and good luck.
Price is approaching a to descending trend line which has been respected for a while now and I expecting the same again but I would wait for a bearish engulfing candle once it touch the trendline before going short on this. I have marked the tp and sl for you as well.
Remember, the trade is only valid once it touch the trendline and create a bearish engulfing candle on the 4h or 1h chart.
Let me know your thought.
Trade safe and good luck.
Trade closed: target reached