The market has completely broken below the 1 Hour Keylevel and this 1 Hour Keylevel is in line with the 61.8% Fibonacci Level.
The trend has already been confirmed on 4H timeframes with a bearish Trendline and lower high points being respected on the 1H timeframe
This is the reason for my sell limit.
Anticipating a bearish engulfing, pin bar to signal the...
Observing a bearish trend confirmed with lower highs and lower Lows on the 4H timeframe. GJ is currently respecting my 4H bearish Trendline in confluence with a 1H Lower High area (Keylevel ).
The market has already given us a strong bearish candlestick on the 15-30 minute timeframe. I’m awaiting a break and retest of the 1H key level (support) then I can look...
