Hey everyone, I'm back with another setup here $XIAOMI-W (01...

On the H4, with prices moving along a descending trendline and below the ichimoku indicator, we have a bearish bias that price will drop from sell entry at 11.26 where the overlap resistance is to the take profit at 10.30 where the swing low support, 127.2% fibonacci extension and 61.8% fibonacci projection are. Alternatively, price could break entry structure and rise to stop loss at 11.78 where the pullback resistance is.

Entry: 11.26

Take Profit: 10.30

Stop Loss: 11.78