Top-down analysis
- Weekly timeframe indicates a ranging market with price at a major resistance
- Last Daily candle was bearish below the major resistance
- Price has tested major resistance and formed a lower low
- Inverse pinbar (bearish) formed followed by a Bearish Engulfing on H1 which was signal for first entry
- Current pullback ongoing and signal on H1 for sell during start of Asian session would be the right move.
Mrwarm cares...
- Weekly timeframe indicates a ranging market with price at a major resistance
- Last Daily candle was bearish below the major resistance
- Price has tested major resistance and formed a lower low
- Inverse pinbar (bearish) formed followed by a Bearish Engulfing on H1 which was signal for first entry
- Current pullback ongoing and signal on H1 for sell during start of Asian session would be the right move.
Mrwarm cares...
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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.
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.