really interested in this wr4b which has been a while of consolidation already
waiting for a LTF retracement
positions have been initiated and started moving after NFP.
price currently @ 13Tl pending break and was contemplating should TP or not to grab some profit.
However this line chart gave me the conviction that price has found resistance and probability lies with the bears.
I must also believe in the ‘regret’ power of WR4B which is of considerable size and likely to continue to move south.
In fact, this looks like a classic bear flag which points to furthur down move.
Any retracement, look for good bearish price action to go short.
Short! Short! Short!
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