hey fellas,
after the 4H DT neckline break the market moved upwards for the retracement. Rite now there is a 61% retracement.
At 30 minutes time frame if a candle closes below 1988.91 we can expect the market to fall further till the DT target 1948.64 which is a 1:3.9 risk reward ratio.
If the trade is taken after the range bound breakout downwards, then risk reward ratio is 1:7.4
And there is head & shoulder pattern as well in 4H(drawn in green)
There are multiple confirmation for the bears in the market, so be a BEAR today.
Happy trading :-)
after the 4H DT neckline break the market moved upwards for the retracement. Rite now there is a 61% retracement.
At 30 minutes time frame if a candle closes below 1988.91 we can expect the market to fall further till the DT target 1948.64 which is a 1:3.9 risk reward ratio.
If the trade is taken after the range bound breakout downwards, then risk reward ratio is 1:7.4
And there is head & shoulder pattern as well in 4H(drawn in green)
There are multiple confirmation for the bears in the market, so be a BEAR today.
Happy trading :-)
Trade active
