The long term trend for this market is DOWNTREND
As you can see the market has retest the Support/ Resistance area and as you can see as the price hit the resistance zone, there is an existence of the Seller aroun that area,
Why i enter short at this market?
1) The long term trend is downtrend
2) The break of the Demand Trendline as you can see on the chart.
3) The SL is above the structure high
4) The exit is below at the major weekly support level
As you can see the market has retest the Support/ Resistance area and as you can see as the price hit the resistance zone, there is an existence of the Seller aroun that area,
Why i enter short at this market?
1) The long term trend is downtrend
2) The break of the Demand Trendline as you can see on the chart.
3) The SL is above the structure high
4) The exit is below at the major weekly support level