For this trade it is long term up trend however we are looking for a short since there is a head and shoulder formation and a break downwards.However i would wait for it to break nearest zone and retest since that would show that the over all trend is changing and also the tp level i measure is base off the neckline to the head i put it above the round number for a higher chance to hit tp. The entry condition would be there a 3 bar reversal or bearish engulfing with a lower close below the nearest zone for entry. ;)
Feel free to comment would love to hear others opinion
Feel free to comment would love to hear others opinion