First Of All Sorry For Posting This Late About This Trade Was Watching it Few Days Back And Forgot About This Trade Due To Work Load
Reasons To Short
1- Descending Triangle Pattern
2- High Volume
3-Moving Averages Gap Shows Volume
4-Major Support Break
5-Candle Close Below The Lows
6- News Is Following The Market
7-Trend Following Pattern Formation
8-Institutional Volume Shorts Seen @ 2.81400 Level Clearly
In The conclusion of this trade i want to say that as this trade is looking good but there is no bearish divergence so trade with care as trend following patterns have less probability then trend reversals.
Reasons To Short
1- Descending Triangle Pattern
2- High Volume
3-Moving Averages Gap Shows Volume
4-Major Support Break
5-Candle Close Below The Lows
6- News Is Following The Market
7-Trend Following Pattern Formation
8-Institutional Volume Shorts Seen @ 2.81400 Level Clearly
In The conclusion of this trade i want to say that as this trade is looking good but there is no bearish divergence so trade with care as trend following patterns have less probability then trend reversals.