Entry -- Price action is pointing to a short bias, with price action respecting major "resistant trendline" causing, price to break the uptrend trending & support to turn resistance, thus triggering a short bias. The point of entry with the best possible odds for the trader is indicated on the chart, which is a classic retest point of entry, which would prove to have the highest probability odds of ideal risk to reward, support by support levels of both "resistant - trendline" and :resistant level", thus increasing odds of playing out in your favor.
Target -- Supported by the Fib Ext 61.8% and "Support Trendline" seems to be an ideal target point of reference.
“Trading The World” – “The Clinical Error” – Please support the movement, “Trading The World” one PIP at a time.
Facebook: www.facebook.com/TradingTheWorld/
Instagram: www.instagram.com/strataorion/
Twitter: twitter.com/strataorion
Telegram: t.me/tradingtheworld
Stocktwits: stocktwits.com/StrataOrion
Target -- Supported by the Fib Ext 61.8% and "Support Trendline" seems to be an ideal target point of reference.
“Trading The World” – “The Clinical Error” – Please support the movement, “Trading The World” one PIP at a time.
Facebook: www.facebook.com/TradingTheWorld/
Instagram: www.instagram.com/strataorion/
Twitter: twitter.com/strataorion
Telegram: t.me/tradingtheworld
Stocktwits: stocktwits.com/StrataOrion
Commento:
Short Trade Triggered - As you can see price return at resistant to trigger a short trade..