DAILY
price rejecting the 200 ma. Price seems to be in a channel and is respecting resistance. Major wicks showing selling pressure
4HR
price evidencing divergence with MACD, higher price highs but lower highs on MACD. Price broke structure low and retested.
1hr
price consolidating. looks like it forming bearish flag. Momentum shifting to downside
Trade
1- 1/1 RR
2- 1/.87 RR
price rejecting the 200 ma. Price seems to be in a channel and is respecting resistance. Major wicks showing selling pressure
4HR
price evidencing divergence with MACD, higher price highs but lower highs on MACD. Price broke structure low and retested.
1hr
price consolidating. looks like it forming bearish flag. Momentum shifting to downside
Trade
1- 1/1 RR
2- 1/.87 RR