H1-M15 setup
trendline retest
right shoulder
Nice daily resistance showing signs of rejections at higher highs, expecting a pullback. H4 price then dipped back below and failed to close back above the daily level indicating bearish pressure stepping in. Entry refined to H1 right shoulder with execution on M15 bearish engulfing.
trendline retest
right shoulder
Nice daily resistance showing signs of rejections at higher highs, expecting a pullback. H4 price then dipped back below and failed to close back above the daily level indicating bearish pressure stepping in. Entry refined to H1 right shoulder with execution on M15 bearish engulfing.