DAILY TF - A strong move to the downside observed haven broken the support line that held for months'
4HR TF - PRICE ACTION has tested the support line this time and broke it, I waited for the impulse correction to be able to fade the breakout,and now it has currently resumed the downtrend.
I just put in a Sell order, I will stay with it till another major impulse correction;then I'd adjust my Stop loss to risk free and take in some of my profits
Make sure to follow your entry strategy if you are to take this trade.
4HR TF - PRICE ACTION has tested the support line this time and broke it, I waited for the impulse correction to be able to fade the breakout,and now it has currently resumed the downtrend.
I just put in a Sell order, I will stay with it till another major impulse correction;then I'd adjust my Stop loss to risk free and take in some of my profits
Make sure to follow your entry strategy if you are to take this trade.
