A Bearish Downtrend Nearing the Resistance Line
Overall, it's a bearish downtrend for the 1H timeframe.
Price can be seen being rejected with beautiful price action in the 5 mins candles, conservative traders can wait for another confirmation with Stop Loss above the new resistance.
Please seek further confirmation in the lower timeframe.
No more than 0.5% risk per trade, control risk management very strictly.
Price can be seen being rejected with beautiful price action in the 5 mins candles, conservative traders can wait for another confirmation with Stop Loss above the new resistance.
Please seek further confirmation in the lower timeframe.
No more than 0.5% risk per trade, control risk management very strictly.
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