1M
EMA has been retested followed by a huge bearish engulfing .
1W
Last week’s candle rejected both EMA’s, followed by this week we have spiked up to the EMA and rejected again.
1D
Todays close has engulfed 5 days candles, whilst closing below the downwards facing EMA . Price is now trading back below the bearish trend line , also preferred FIB level has been tested.
4H
Price has pulled back and tested the EMA, leaving behind a wick rejection.
EMA has been retested followed by a huge bearish engulfing .
1W
Last week’s candle rejected both EMA’s, followed by this week we have spiked up to the EMA and rejected again.
1D
Todays close has engulfed 5 days candles, whilst closing below the downwards facing EMA . Price is now trading back below the bearish trend line , also preferred FIB level has been tested.
4H
Price has pulled back and tested the EMA, leaving behind a wick rejection.
Trade closed: target reached:
Target reached