Reason: 1. Overall market sentiment is downward 2. Price tested key level with a bearish outside bar 3. Price Pullback to 220 level for a better entry
Reason: 1. The buttom was likely formed 2. Market is going up in H4 and pullback to test key level
Reason: - Market has break uptrend this week - Price drop and pullback to test 220 level and failed to break
- Trend Down in H4 - Reach and tested trendine - Signal bar - Bearish outside bar - Good RR ratio
H4: Bearish Outside Bar Trend: Downtrend 78 EMA cut down 150 EMA
H4: At support level Negative signal h4 has not closed yet (no signal candle)
