A nice short opportunity here. After the BEARISH impulse was created, a nice flag was formed. Now wait for a strong bearish impulse for continuation. I am looking for an entry within the price range shown (OF COURSE BASED ON THE PRICE ACTION) according to a previous engulfing candlestick on a higher timeframe but also on the 78% Fib retracement level. First target as shown, then see how the market will react and expand your target till the bottom.
Ordem cancelada:
As you can see guys we did not get the price action that we wanted so no entry for me. The set up was therefore invalid. I must tracking it now to see if we get the price action from the tops.