Hello traders, i'd like us to share opinions on this one. As we can see the market is at the strong resistence level and it is also in a downtrend. The market has been consolidating for a while, approaching down trendline to print third touch on the trendline. it is possible that the market might sell. but if you are looking for sell, look for bearish properties to sell in this market, i'd advice you to look for bearish engulfing, dark cloud cover or rejection. It will be wise to enter your trades after manipulation has happened.it is possible that the market might give us a clear bearish engulfing candlesticks pattern and sell immideately, again it is possible for the market to create a false breakout to collect the orders enetered by retail traders.
Share your thoughts on this one...
Share your thoughts on this one...
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Setup went well, we even locked our trades.