Daily
- price trend was bearish now at point of structural resistance
- rejection pin bar is forming on Daily at structure
1 Hr
- price is consolidation around structure level.
- minor trend line in pink drawn, await break out of trend line.
- 1 hr RSI is showing bearish movement.
- price trend was bearish now at point of structural resistance
- rejection pin bar is forming on Daily at structure
1 Hr
- price is consolidation around structure level.
- minor trend line in pink drawn, await break out of trend line.
- 1 hr RSI is showing bearish movement.
Comment:
Price respected the strucuture and melted away niceley
Now at 78.6.
Will re-analyse with new chart.