- Bearish market structure with Lower Highs and Lower Lows being created.
- A pullback to a key level of resistance and looking to reject it on the 4hr.
- Take profit below previous low so as to be the new Lower Low created, stop-loss above previous high and resistance level.
- Nice tight stop loss for a 1:11 RR trade, with a 230 pip gain, price needs to break the current Ascending Triangle first.