This setup is so damn simple and a lot of you traders will overlook it because of this reason as you have been programmed or told that a trade SETUP must be complicated when the blunt reality is that SIMPLE IS BEST.
Fu#k your so called mentors off if they are filling your head with this rubbish, check our previous charts on here and you will see how simple and clean they are and also how high our strike rate is.
You can see that price broke through a trend line and support level that it had been respecting for a while, no we are expecting a bearish run, but price could come back up and test this old support as resistance and also test the trend line as resistance before heading down, so just hold out and wait to see where markets open tonight before jumping into any trade.
Only use this analysis if it fits in with your own... And ALWAYS trade with correct risk management!
Fu#k your so called mentors off if they are filling your head with this rubbish, check our previous charts on here and you will see how simple and clean they are and also how high our strike rate is.
You can see that price broke through a trend line and support level that it had been respecting for a while, no we are expecting a bearish run, but price could come back up and test this old support as resistance and also test the trend line as resistance before heading down, so just hold out and wait to see where markets open tonight before jumping into any trade.
Only use this analysis if it fits in with your own... And ALWAYS trade with correct risk management!