After discussing this market in yesterday's trade ideas and how stuck it was, we finally have a breakout.
Price formed a large 4 hour chart bearish engulfing bar and smashed out of the breakout support level.
This level could now act as a price clip and new resistance level to look for potential short trades with the new momentum lower.
Price formed a large 4 hour chart bearish engulfing bar and smashed out of the breakout support level.
This level could now act as a price clip and new resistance level to look for potential short trades with the new momentum lower.
