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Siemens : Looking for sell signal on flip resistance

After a breakout move below 1206, price is now retesting back the same level of breakout which is a flip resistance for now.We're looking for price action sell signal using 60min timeframe chart expecting a fall towards 1137 layer of support.Below is the setup chart analysis with the reasoning of looking for a short entry & here is the entry chart analysis for a possible entry.

04.01.2016-1


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SUMMARY : READ price momentum context – RECOGNIZE the pattern going on – TRADE the pattern till it ends and to learn it all join me in my ADVANCE TRADING COURSE & trade with me real-time using higher & lower timeframe charts.

PLS NOTE : All chart analysis posted above are the author’s own idea of trading for educational purpose only &  not any form of advice or recommendations or opinion to anyone.

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