H4
H1
What to do now?
#Good Luck to all traders!!!#
- Triangle Pattern Formed
- Key resistance trendline is facing currently
- MACD histogram shows bullish momentum is beginning to weaken
- TrendlIne fail to break out in the previous 2 times it show it was the strong resistance trendline at the top
H1
- candlestick formed a reverse pattern on the key resistance
- MACD line and Signal line cross at the top and ready to go down
- MACD histogram is under 0
What to do now?
- My opinion is short the market immediately or
- Waiting for confirmation due to currently is testing the resistance zone or
- Waiting to reverse candlestick pattern in H4 chart
- Please do your own proper risk management
#Good Luck to all traders!!!#
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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.