Hello traders. Keep in mind, it is important to use Multiple time frames to get a clear understanding of what's most likely going to happen next in whatever market you are looking at. The same way a doctor takes multiple X-Rays to get a clear picture of what may be injured in your body.
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After multi-time frame analysis, we can see that this market is in a down trend but the bigger picture is close to Demand, because of this a short position does have lower probability. This is an aggressive trade. As we move to the lower time frames, we can see the markets may have some more room to the downside. Now that we are near the higher time frame demand, we would expect a correction . When it does correct, I will look for an entry into the down trend here.
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Please like and follow and I will post more like this.
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After multi-time frame analysis, we can see that this market is in a down trend but the bigger picture is close to Demand, because of this a short position does have lower probability. This is an aggressive trade. As we move to the lower time frames, we can see the markets may have some more room to the downside. Now that we are near the higher time frame demand, we would expect a correction . When it does correct, I will look for an entry into the down trend here.
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Please like and follow and I will post more like this.
Trade closed: stop reached