Trend: bearish
Structure: Breakout/ support & resistance trade
Plan:
We look for price to rebound of previous low (support level) or confirm the breakout of trend then move down to prior lows.
looking at the chart currently it is looking like price will bounce off support and moving average and continue to move down now.
Structure: Breakout/ support & resistance trade
Plan:
We look for price to rebound of previous low (support level) or confirm the breakout of trend then move down to prior lows.
looking at the chart currently it is looking like price will bounce off support and moving average and continue to move down now.
Trade active
Trade closed: target reached