$PENDLE is trading below recent highs after failing to sustain the breakout showing weak bearish continuation on the lower time frame..........

Sellers have rejected every recovery attempt aggressively and price is now pulling back sharply after the rejection from the 1.760 zone...........

As long as this correction remains intact the momentum favors continuation toward the lower liquidity zone near recent support......

Trade Setup

Entry Range: 1.740 – 1.760

Target 1: 1.700

Target 2: 1.670

Target 3: 1.640

Stop Loss: 1.780

PENDLE
PENDLE
1.741
+2.23%