In the Weekly TF, last week, we see rejection of Monthly resistance with a nice candle and a red candle is in the making which is also rejecting the same zone.
In the Daily TF, whenever the price has arrived at the monthly level, it smashes down with red engulfings. Also, the short term TL is broken on 8th Nov. So, everything seems bearish.
In the 75min, price has started to reject the pivot levels. Already, EMA crossover has occurred signalling bearish sentiment.
Coming to the 15 min, multiple rejections of pivot level. We can enter short with tight SL above pivot for intraday quick gains.
In the Daily TF, whenever the price has arrived at the monthly level, it smashes down with red engulfings. Also, the short term TL is broken on 8th Nov. So, everything seems bearish.
In the 75min, price has started to reject the pivot levels. Already, EMA crossover has occurred signalling bearish sentiment.
Coming to the 15 min, multiple rejections of pivot level. We can enter short with tight SL above pivot for intraday quick gains.
Trade closed: target reached:
Boom! Target hit within 15 mins!
Chartered Accountant | Trader | Trainer
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