Hey guys,
as you can see above in this pair price has recently created new lows, breaking structure to the downside. This tells us that price wants to go lower, therefore we can look for shorting opportunities at structure level, such as the broken support that should act as resistance once it was violated.
In this zone it happens to be the D point of a Gartley formation that provides a nice short entry.
Stops above the X, targets as usual for patterns.
If you have any question, feel free to comment below.
Otherwise, see you in the next chart!
as you can see above in this pair price has recently created new lows, breaking structure to the downside. This tells us that price wants to go lower, therefore we can look for shorting opportunities at structure level, such as the broken support that should act as resistance once it was violated.
In this zone it happens to be the D point of a Gartley formation that provides a nice short entry.
Stops above the X, targets as usual for patterns.
If you have any question, feel free to comment below.
Otherwise, see you in the next chart!
Trade active
Trade closed: stop reached