Trade what we see:
Price is following a bearish channel with lower highs forming.
We have two support lines to work off, one formed on the 4hr chart and the second formed on the daily time frame.
A pin bar is forming now and I am waiting to setup this short position which has a great risk / reward ratio.
If this pair breaks out and we see a successful retest, then there will be a good long bias.
Price is following a bearish channel with lower highs forming.
We have two support lines to work off, one formed on the 4hr chart and the second formed on the daily time frame.
A pin bar is forming now and I am waiting to setup this short position which has a great risk / reward ratio.
If this pair breaks out and we see a successful retest, then there will be a good long bias.