Trend: Bearish
Structure: Resistance levels
Plan: We have seen price bounce of horizontal resistance a few times. We now look to take a short down to previous low.
Please be aware there is also a point of resistance above, hence price could breakout and retest higher resistance before continuing the bearish trend.
RSI/MACD confirmation necessary before entry.
Structure: Resistance levels
Plan: We have seen price bounce of horizontal resistance a few times. We now look to take a short down to previous low.
Please be aware there is also a point of resistance above, hence price could breakout and retest higher resistance before continuing the bearish trend.
RSI/MACD confirmation necessary before entry.