4H CHART EXPLANATION:
On this timeframe we observe that price is forming a bearish engulfing candlestick at the Resistance Zone. We will wait for a clear rejection of the zone and a corrective structure (continuation pattern) to place short entries. This trade requires a proper management because there are multiple Support Zones on the way.
DAILY CHART ANALYSIS:
On this timeframe we observe that price is forming a bearish engulfing candlestick at the Resistance Zone. We will wait for a clear rejection of the zone and a corrective structure (continuation pattern) to place short entries. This trade requires a proper management because there are multiple Support Zones on the way.
DAILY CHART ANALYSIS:
