have had a clean break of ascending trendline on Daily and 4 hr 0.29% , with the 50EMA crossing over both the 100/200ema's on the breakout on 4hr indicating a change of trend. 50EMA looking to cross the 100 on the daily too.
also a clean break of horizontal support of 131.88, which has had multiple high test rejections shown in the white box indicating a turn into resistance.
looking to short on market open with stops above the high wicks and target of 128 in line with the bottom of the ascending trendline .
However will be looking at whether there is any gap up on open and initial bull movement, so to wait for a break of the 4hr 50ema before entering incase of a bullish move back up through resistance.
also a clean break of horizontal support of 131.88, which has had multiple high test rejections shown in the white box indicating a turn into resistance.
looking to short on market open with stops above the high wicks and target of 128 in line with the bottom of the ascending trendline .
However will be looking at whether there is any gap up on open and initial bull movement, so to wait for a break of the 4hr 50ema before entering incase of a bullish move back up through resistance.
Note
Triple top looking to form on the 4hr too.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.