1M
Last few months price has tried to break past the 0.9000 monthly level with hedge rejections. EMA as lagging.
1W
EMA are pointing to the down side, with a 3 pin formation above the EMAs which we then saw the price drop back down to the Weekly 0.78500. Bearish in engulfing 2 weeks ago.
1D
EMA are pointing downwards. Another 3 pin formation has form while rejecting the EMA resistance. Also formed a bearish engulfing. If we are able to close below the Weekly 0.87500 today then we can potentially expect further movement in this direction.
4H
EMA’s have crossed back to the downside, with a shooting star forming at the preferred fib level. 2 different CTL’s has been broken.
Last few months price has tried to break past the 0.9000 monthly level with hedge rejections. EMA as lagging.
1W
EMA are pointing to the down side, with a 3 pin formation above the EMAs which we then saw the price drop back down to the Weekly 0.78500. Bearish in engulfing 2 weeks ago.
1D
EMA are pointing downwards. Another 3 pin formation has form while rejecting the EMA resistance. Also formed a bearish engulfing. If we are able to close below the Weekly 0.87500 today then we can potentially expect further movement in this direction.
4H
EMA’s have crossed back to the downside, with a shooting star forming at the preferred fib level. 2 different CTL’s has been broken.
Trade closed: stop reached:
Stop Loss hit