We can see the the 2 highs/Tops had signaled a divergence, hence now trend is in favour of the bears.
We can see a nice structure broken through and then re-tested, forming a bearish flag pattern.
We can also see that bigger bearish candles are formed every time its rejected at the fresh resistance level(Good bearish pressure).
A break-out to the downside would confirm the trade.
Targeting the next low.
We can see a nice structure broken through and then re-tested, forming a bearish flag pattern.
We can also see that bigger bearish candles are formed every time its rejected at the fresh resistance level(Good bearish pressure).
A break-out to the downside would confirm the trade.
Targeting the next low.
Trade closed: stop reached