This pair plaid out the consolidation zone we had drawn last week before making a nice bearish breakout.
I'm looking for that trend to continue as the US-China deal continues to be developed and shaped out.
I am looking or a drawback to the closest price structure level for a rejection so we can hop into a bearish trend continuation trade.
Typically I'm looking for a good rejection candle with a wick through support but I'll be watching to see how price acts at this level either way.
We have lots of price structure levels I've drawn out but I'll be watching for a push to major price structure lows as my overall target.
If we fail to maintain our bearish confirmations or we don't hold resistance at the level I'm watching, this setup may become invalidated.
I'm looking for that trend to continue as the US-China deal continues to be developed and shaped out.
I am looking or a drawback to the closest price structure level for a rejection so we can hop into a bearish trend continuation trade.
Typically I'm looking for a good rejection candle with a wick through support but I'll be watching to see how price acts at this level either way.
We have lots of price structure levels I've drawn out but I'll be watching for a push to major price structure lows as my overall target.
If we fail to maintain our bearish confirmations or we don't hold resistance at the level I'm watching, this setup may become invalidated.