This is a thought trade within a falling wedge, where we expect a structural downward movement to the bottom of the wedge. Tight SL and target price down at both the wedge bottom, 113% fibonacci extension of previous bearish leg as well as previous structure. Provides a good R: R ratio.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.