Based on the H4 timeframe we seeing price action indicating a shift of momentum to downside as we break the H4 high low, currently the price has retraced to 50% fib level in both H4 and H1
This is also in confluence with other indicator like EMA cross over to downside and also supporting the previous support now got reject has resistance
Nice risk to reward
Follow me for more breakdown
This is also in confluence with other indicator like EMA cross over to downside and also supporting the previous support now got reject has resistance
Nice risk to reward
Follow me for more breakdown
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Related publications
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.