Trend: Bearish
Structure: Trend line
Plan: We have identified a short term trend line (blue) and a resistance level. We look for price to respect upper resistance and trend then move down to previous lows.
Please note this is an aggressive trade as there is a longer term trend line (red) seen.
Structure: Trend line
Plan: We have identified a short term trend line (blue) and a resistance level. We look for price to respect upper resistance and trend then move down to previous lows.
Please note this is an aggressive trade as there is a longer term trend line (red) seen.