POSTED THIS LATE
1M
Doji formed last month rejecting the monthly resistance of 1.1450. EMA pointing downwards
1W
Downward pointing EMA’s on this time frame also helped push the price lower. Here we can see week after week price testing Monthly resistance. Last week we had a close retest of trend line before moving bearish
1D
Daily fib zone has been reached, and a 3 pin formation formed here. Again this was a rejection of the monthly resistance. Target lines up very well with a key daily support level.
4H
EMA’s crossed to a bearish position, followed by my CTL break.
1M
Doji formed last month rejecting the monthly resistance of 1.1450. EMA pointing downwards
1W
Downward pointing EMA’s on this time frame also helped push the price lower. Here we can see week after week price testing Monthly resistance. Last week we had a close retest of trend line before moving bearish
1D
Daily fib zone has been reached, and a 3 pin formation formed here. Again this was a rejection of the monthly resistance. Target lines up very well with a key daily support level.
4H
EMA’s crossed to a bearish position, followed by my CTL break.
Note
Stop Loss moved to Break Even
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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.