Down trend below 50 EMA Indicator showing overbought while in down trend Lower time frames are in unison for entry
I don't usually enter trades on Monday but will keep a close eye on PA, could potentially fill the lower segment if closes beyond the lows this h1. Its also very likely at this level for more movement in the current area before a bias is made.
We might see a push up to the weekly trend line that also aligns closely with the 23% fib. Then we could see a big short move.
D1 analysis of potential short from previous lower high and touch at trend line adding strength to potential short.
If it the level of the previous high isn't broken we will see a repeat in trend and a nice short from current point.
