Price is in a bearish channel on the Daily time frame and it is in a bearish descending triangle on the 4hr timeframe.
Price also below 200 SMA on the daily time frame confirming that the market is still bearish.
TP placed on the next support level in the bearish channel and SL placed just above previous high. Risk Reward 1:3.
Price also below 200 SMA on the daily time frame confirming that the market is still bearish.
TP placed on the next support level in the bearish channel and SL placed just above previous high. Risk Reward 1:3.