Reason behinf this setup ..
1.firstly a touch and bouce of strong trendline RES
2. if you go down to 4hour chart higher highs and lower highs where being made but price action violated that patern
3.daily candle is a strong bearish candle
1.firstly a touch and bouce of strong trendline RES
2. if you go down to 4hour chart higher highs and lower highs where being made but price action violated that patern
3.daily candle is a strong bearish candle