Confluences for this trade
1. Multiple time frames indicating the same long term price movement (bearish)
2. Orange highlighted zone is a key area where price was previously supported and i will be looking for a retest of that region
3. Many touches of the descending channel showing a valid channel as we can see where i have circled in blue where price is constantly creating new lower lows and higher lows.
Please like and support my page.
Many Thanks
1. Multiple time frames indicating the same long term price movement (bearish)
2. Orange highlighted zone is a key area where price was previously supported and i will be looking for a retest of that region
3. Many touches of the descending channel showing a valid channel as we can see where i have circled in blue where price is constantly creating new lower lows and higher lows.
Please like and support my page.
Many Thanks