On the day chart we are nearly at a strong support level so potential one last sell off before the market begins to range.
4Hr trading below the ichimoku cloud and the 200 Day SMA confirming a down trend. 18:00 candle is a strong bearish pin candle.
1Hr currently trading past the 50mark on the stochastic oscillator indicating a continuation of the downwards direction.
1Hr 5Day and 8Day SMA lines have recently crossed indicating a reversal of direction.
Entry: 1.28566
SL: 1.29176
TP: 1.27930
4Hr trading below the ichimoku cloud and the 200 Day SMA confirming a down trend. 18:00 candle is a strong bearish pin candle.
1Hr currently trading past the 50mark on the stochastic oscillator indicating a continuation of the downwards direction.
1Hr 5Day and 8Day SMA lines have recently crossed indicating a reversal of direction.
Entry: 1.28566
SL: 1.29176
TP: 1.27930
Trade closed: stop reached:
Hit SL