H1 time frame.
Structure: Downtrend.
At the resistance level of 1780 appeared a sell signal with a huge bearish engulfing candle.
On the lower timeframe - 30 minutes, the price broke the Key level of the uptrend at 1772.
Can wait for the price to pull back above this level to confirm the downtrend and continue looking for selling opportunities.
The profit target is the 1750 and 1720 zone.
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Wish you all have a good trading day!
Structure: Downtrend.
At the resistance level of 1780 appeared a sell signal with a huge bearish engulfing candle.
On the lower timeframe - 30 minutes, the price broke the Key level of the uptrend at 1772.
Can wait for the price to pull back above this level to confirm the downtrend and continue looking for selling opportunities.
The profit target is the 1750 and 1720 zone.
-----------------------------------------------------------------------------------------------
Wish you all have a good trading day!
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