Trend: down since end of June on the daily charts
Levels: horizontal resistance and dynamic resistance of the 21 and 50 EMA
Signal: double bearish pin bars
I will try to enter at the 50% retracement of the pin bars. I will place a wide stop above the wicks of these pin bars.
First support comes at 1R. I will monitor PA closely at that level. If it breaks then second support and target comes at 2.5 R