bullish momentum is wearing down on this bearish flag. Identified through a potential lower high on the bearish flag in confluence with divergence on the RSI. Looking to take the trade to 1.6 or 1.5 which appear to be key psych levels.
If stopped out of position I am totally cool with that as i will then look for a re entry along the trendline resistance for yet another short position with a better entry.
If stopped out of position I am totally cool with that as i will then look for a re entry along the trendline resistance for yet another short position with a better entry.