Hello Traders,
We could see a couple of wicks which shown that the price failed to reach the major resistance. however, to see the continuation of the downtrend appear, we need to let the seller come in by seeing the price succeed to break the minor support and tested the recent support in order to see the potential buyer off at the zones area highlighted. The bearish structure looks clear just need further evidence to form it as solid bearish continuations.
Before taking this idea please mind your core principles of your trade confluences with proper risk reward management.
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***** Disclaimer ******
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
_________________________________________________________________________________________________________________________________________
Moreover, if you like my ideas and do take the same trade, please write it in the comment so we can manage the trade together.
Thank you for your support!
We could see a couple of wicks which shown that the price failed to reach the major resistance. however, to see the continuation of the downtrend appear, we need to let the seller come in by seeing the price succeed to break the minor support and tested the recent support in order to see the potential buyer off at the zones area highlighted. The bearish structure looks clear just need further evidence to form it as solid bearish continuations.
Before taking this idea please mind your core principles of your trade confluences with proper risk reward management.
_________________________________________________________________________________________________________________________________________
***** Disclaimer ******
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
_________________________________________________________________________________________________________________________________________
Moreover, if you like my ideas and do take the same trade, please write it in the comment so we can manage the trade together.
Thank you for your support!
