I just saw this potential shorting opportunity.
Scaling back on the daily chart I drew an ascending trendline which was respected twice so thats one confluence check.
Another one is that the trendline bounce zone aligns with a 38.2% retracement level.
I can also see multiple pin bars (if im correct) which is some extra confluences for me to enter this trade.
1 standard lot used.
Scaling back on the daily chart I drew an ascending trendline which was respected twice so thats one confluence check.
Another one is that the trendline bounce zone aligns with a 38.2% retracement level.
I can also see multiple pin bars (if im correct) which is some extra confluences for me to enter this trade.
1 standard lot used.