RainMaker545

RainMaker545 Updated 

Confluences 1.Base on the market structure ,the price is telling me the seller trying to push down lower but buyer has step in multiple time to push back the price and even further.this could lead to seller exhaustion. 2.Weekly time frame bullish engulfing candle. 3.Daily time frame 20Sma Is pointing up. 4.We are in the support area. 5.Great RR ratio 1:3. Stop...

RainMaker545 Updated 

Confluences 1. Long-term Downtrend. 2.Near trend line resistance and supply area. 3.Did not create higher high at 8hrs time frame. 4.Shooting star candle stick at Daily time frame. 5.4Hr time frame MA is pointing down. Entry 0.81200 Stop loss 0.82100 (Slightly above last swing high) TP1 0.80000 (1st support area) TP 2 0.78515 (Near bottom channel)