The trend is bearish, therefore, we are only looking for short positions. The price is currently located at the previous Lower High. It can be observed that the price is rejecting the major zone of resistance. We are now waiting for more confirmations before opening SELL positions and aim for the previous Lower Low.
In case the price breaks the local zone of resistance, the idea will be invalid.
Happy trading, everyone!
In case the price breaks the local zone of resistance, the idea will be invalid.
Happy trading, everyone!