There are some reasons for short
1, in multy time frame Trading we found a breaked trend line
2, in 30min time frame i found 2 bearish signals ( 1 in macd , 2 in RSI )
3. real divergence in MACD 30min and MACD h1
4. Price passed Trend line
5. price passed last higher low
6, price broke triangle pattern
ALso there is a reversal signal in h4 time frame but lets focus on h1 and min30
1, in multy time frame Trading we found a breaked trend line
2, in 30min time frame i found 2 bearish signals ( 1 in macd , 2 in RSI )
3. real divergence in MACD 30min and MACD h1
4. Price passed Trend line
5. price passed last higher low
6, price broke triangle pattern
ALso there is a reversal signal in h4 time frame but lets focus on h1 and min30
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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.