Shooting star formed at end of downtrend retracement
Trendline channel shows price has hit resistance of upper trendline
Previous support held
(retracemnet of .38%)
MA crossover suggest downtrend resumes
Set up also similar on 4hr chart
R:R 3:1
strategy focusing on:
-price action
-support/resistance
-trendlines
Trendline channel shows price has hit resistance of upper trendline
Previous support held
(retracemnet of .38%)
MA crossover suggest downtrend resumes
Set up also similar on 4hr chart
R:R 3:1
strategy focusing on:
-price action
-support/resistance
-trendlines