We have a structured based opportunity to get short.
Overbought condition while hitting a clear structure zone which should act as resistance. As a parachute we also have a falling trendline which should protect our stop loss.
Decisive bearish candle acts as my signal to entry.
Target historical support level
Overbought condition while hitting a clear structure zone which should act as resistance. As a parachute we also have a falling trendline which should protect our stop loss.
Decisive bearish candle acts as my signal to entry.
Target historical support level
Trade closed: target reached:
Yup!