Prices gives me 2 indications of downtrend pressure:
- Formed resitance around 0.88´s and then
- Close below the Swing low of the above resitance area
I am trading the short side on an ABCD complex retracement entry as I consider the most recent close below swing low to be the prefered trend direction. First target for me tipically is 50% retracement and the second beeig much lower
- Formed resitance around 0.88´s and then
- Close below the Swing low of the above resitance area
I am trading the short side on an ABCD complex retracement entry as I consider the most recent close below swing low to be the prefered trend direction. First target for me tipically is 50% retracement and the second beeig much lower