would you buy sell or simply pass five seconds for you to decide feel free to pause the video for more time
alright let's analyze the chart together
the price is currently below the two hundred exponential moving average signaling that the market is on a downtrend
let's now identify the key structures
such as this symmetric triangle suggesting a potential breakout
as expected the prices broken strongly below signaling continued downside momentum and this pullback is recorded next following a breakout and during a pullback observation
always think about using the fibonacci retracement tool
it's a golden rule for me
this helps us catch up with the trend and enter at the right level
select the breakout start then drag to the low point to plot fibonacci retracement on the chart next we can see this bearish hammer at sixty one point eight percent also known as fibonacci golden revel
this was followed by this bearish engulfing pattern time to go short
and
it's a successful trade
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Text generated automatically and there is a chance to be inaccurate
