Looks like we have a valid bearish
continuation pattern, and even though the trendline
(light blue) has been broken I still don't feel like hopping on the trade, as we have a major level of Key Daily Structure just beneath. Therefore I prefer waiting for that level to break, retest it (by bouncing of the S1 daily PP
) and then enter to get a better entry point.
All other details are displayed on the chart
DO YOUR OWN DUE DILIGENCE BEFORE ENTERING THE TRADE. NOT A TRADING SIGNAL.