Here you see we are coming out of a zone of consolidation after failing to stay above the 50% retracement of weekly levels, have a H&S pattern on the weekly as well, 4H, D, W MA'S crossover for bearish sentiment and acting as resistance on 4H as we approach this monthly support. I am looking for a retest of the blue zone for a clean entry with a great risk to reward ratio reaching just before the monthly support, I believe this will be broken because of how structure looks on the monthly and weekly. Multiple time frame analysis shows bearish sentiment. Lets see if this plays out.
Trade closed: target reached:
Target reached =D
Close for profits. Enjoy your pips!
Close for profits. Enjoy your pips!