REASONS-
1) Daily trend down as per ichimoku.
2) Inverted hammer candle close at the cloud.
3) Recent trendline support break and retest on the H4.
4) For short term, long unwinding of the bulls may bring profits to the bears.
5) Price below cloud on H4.
NOTE-
Price has been making higher highs and higher lows on the daily, so kindly stay alert.
Weekly trend is also up.
Final TP at the reverse head and shoulders neckline.
I would personally trail to breakeven when R:R - 1:1
Kindly trade at your own risk.
Good Luck ^_^
1) Daily trend down as per ichimoku.
2) Inverted hammer candle close at the cloud.
3) Recent trendline support break and retest on the H4.
4) For short term, long unwinding of the bulls may bring profits to the bears.
5) Price below cloud on H4.
NOTE-
Price has been making higher highs and higher lows on the daily, so kindly stay alert.
Weekly trend is also up.
Final TP at the reverse head and shoulders neckline.
I would personally trail to breakeven when R:R - 1:1
Kindly trade at your own risk.
Good Luck ^_^
