Trend: Bearish
Structure: Horizontal Support and Resistance
Plan: We look for a small pullback in price before entering in a short position. MACD on the 1 hour TF has confirmed short, so a small pullback would be lead to a good entry for the short.
Structure: Horizontal Support and Resistance
Plan: We look for a small pullback in price before entering in a short position. MACD on the 1 hour TF has confirmed short, so a small pullback would be lead to a good entry for the short.