The chart pattern shows in the chart indicate reversal as the price formed triple tops.
currently, the price forming engulfing at the third tops indicate potential bearish impulse. The price is rejecting at the supply zone on h4 timeframes.
my entry reason
1) price reject at supply zone
2) price form 3 tops
My stoploss is above this zone
My target is the lower zone. ( i expect price to break current support level)
The risk reward ratio is 5.5
currently, the price forming engulfing at the third tops indicate potential bearish impulse. The price is rejecting at the supply zone on h4 timeframes.
my entry reason
1) price reject at supply zone
2) price form 3 tops
My stoploss is above this zone
My target is the lower zone. ( i expect price to break current support level)
The risk reward ratio is 5.5