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In my previous analysis I explained the reasons I believe the market is going to fall down soon, you could check it out on my "Link to Relates Ideas" or clicking on the link below:
Let's focus now only on the area that interests us:
As we can see, the price reached an important resistance zone, that rejected the price many time in the past. It actually created a clear Bearish Tweezer Candlestick Pattern;
IF THE PRICE will continue on the same trend (let's wait the next candle to have a confirmation before opening any position), you could place a short trade:
ENTRY POINT: 0.76500
TAKE PROFIT: 0.76153
STOP LOSS: 0.77437
RISK/REWARD RATIO: 1.53
In my previous analysis I explained the reasons I believe the market is going to fall down soon, you could check it out on my "Link to Relates Ideas" or clicking on the link below:
Let's focus now only on the area that interests us:
As we can see, the price reached an important resistance zone, that rejected the price many time in the past. It actually created a clear Bearish Tweezer Candlestick Pattern;
IF THE PRICE will continue on the same trend (let's wait the next candle to have a confirmation before opening any position), you could place a short trade:
ENTRY POINT: 0.76500
TAKE PROFIT: 0.76153
STOP LOSS: 0.77437
RISK/REWARD RATIO: 1.53
