Down Trend

٢٨ أغسطس ٢٠٢١

With the previous uptrend , we saw a breakout and then a retest wich means a reversal of the trend. Market is forming new LH and LL, wich means great opportunity to sell.
Why selling:
-Down trend
-Two rejection candles on daily chart
-Touched previous pivot points
-Bellow MA 50
-Double top - 4H chart
-Forming new LH