Short on Pullback | Strong Zone of Confluence
Looking to enter shorts on a pullback retesting confluences:
-Ascending TL breakout, retest expected
-Respectable descending TL
-0.618 fib retracement
-Minor area of S&R
-MA50 supporting momentum very well
My ultimate target is the outlined demand zone (considering how many rejections it shown in the past).
Cancel trade if pullback never comes.
-Ascending TL breakout, retest expected
-Respectable descending TL
-0.618 fib retracement
-Minor area of S&R
-MA50 supporting momentum very well
My ultimate target is the outlined demand zone (considering how many rejections it shown in the past).
Cancel trade if pullback never comes.