MONTHLY: As we approach the end of the month we can see that despite forming highs of 1.35350, price is currently below monthly resistance and potentially forming a lower high.
WEEKLY: Last week was a strong bearish engulfing bar, and despite the candle two weeks ago closing above the monthly resistance, last weeks bearish candle bought price back below this area, thus deeming this as a false breakout.
DAILY: Lower highs formed and a very strong bearish maribozu bar formed 5 days ago. MA's very close together potential crossover.
4HR: Shooting star formed of the monthly resistance in the last candle. 61.8% Pullback on the fibonacci retracement
WEEKLY: Last week was a strong bearish engulfing bar, and despite the candle two weeks ago closing above the monthly resistance, last weeks bearish candle bought price back below this area, thus deeming this as a false breakout.
DAILY: Lower highs formed and a very strong bearish maribozu bar formed 5 days ago. MA's very close together potential crossover.
4HR: Shooting star formed of the monthly resistance in the last candle. 61.8% Pullback on the fibonacci retracement