fahadjutt
at monthly price break support and support is now resistance at daily price in clear down trend with lower high. price just hit upper trendline and form a nice rejection candle.
AT DAILY PRICE BREAK OLDER RESISTANCE THATS NOW SUPPORT ALSO RETEST IT AT H4 PRICE FORMING TREND CONTINUATION TREND-LINE PATTERN PRICE NEED TO BREAK THIS TREND LINE BEFORE WE ENTER IN THIS PAIR
weekly trap in support and resistance zone forming a consolidation. long wicks show us rejection of resistance at daily starting down trend with lower high with bearish engulfing
AT WEEKLY PRICE FORMING DOUBLE TOP AT DAILY PRICE IN CONSOLIDATION FROM A HOLE MONTH AND NOW PRICE BREAKED THE CONSOLIDATION AND ALSO RETEST IT BUT AT H4 PRICE MAKING LITTLE HIGHER HIGH PRICE MAY MELT FROM HERE OR IT WILL GO FURTHER UP BEFORE MELTING DOWN
TREND: MONTHLY;making higher high weekly; price at last lower high if break this level buy trend at weekly will start and if this level reject price sell trend continue at weekly.. daily; buy trend higher high. PATTERNS: double top forming at weekly at resistance level also bearish engulfing candle.. head and shoulder pattern at daily sell if h & s pattern...
double top at weekly/// wedge at daily + bearish momentum/// H4 trend line break and retest/// pivot + ema retest at H1///
its time to sell wait for pivot entry from here if pivot break at h1.
main resistance + wedge pattern all indicate us to sell/..