Hello traders,
Here we have a nice decending trendline and price action has been respecting the trendline for some time now and I'm expecting the same now as well. Price is also at a major level from where we ususally see a reverse. We can also see a bearish candle on the 4h chart which suggest a possible trend reversal.
I have gone short on this and marked tp and sl for you as well.
Let me know your thoughts.
Trade safe and good luck.
Here we have a nice decending trendline and price action has been respecting the trendline for some time now and I'm expecting the same now as well. Price is also at a major level from where we ususally see a reverse. We can also see a bearish candle on the 4h chart which suggest a possible trend reversal.
I have gone short on this and marked tp and sl for you as well.
Let me know your thoughts.
Trade safe and good luck.
Trade closed: target reached