Market at a daily support so look out for that too. Waiting for 4 hour bearish candle close (Double top pattern).
1:Market in overall bearish trend. 2:Market Respecting Fibs Level. 3:Weak bullish momentum at previous level of structure. 4:Moving Average above the price, showing strong bearish momentum. 5:Price at L.H point.
RR:1:3. Keep managing your trade.
Notes: :Simplicity is a way to win. :Trade at your own risk, wait for conformations on smaller time frames or whatever your approach is of conformation. :It is all about probabilities. :Look for News. :Ideas for educational purpose only. :Follow for more Ideas.
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