Bearish indications"
Bearish divergence in 1 hr time frame.
Double top formation in 1 hr time frame.
Trend line resistance respected.
Hammer candle formation in 4 hr time frame.
Resistance is respected.
AB=CD is complete indicates reversal.
Bullish indications:
Day time frame still indicates bullish due to three white soldiers pattern.
Trade plan bias short @ 2017.9
SL:2024.7
TP1:2011.5
TP2"2007
Bearish divergence in 1 hr time frame.
Double top formation in 1 hr time frame.
Trend line resistance respected.
Hammer candle formation in 4 hr time frame.
Resistance is respected.
AB=CD is complete indicates reversal.
Bullish indications:
Day time frame still indicates bullish due to three white soldiers pattern.
Trade plan bias short @ 2017.9
SL:2024.7
TP1:2011.5
TP2"2007
Comment:
closing the trade , moving average respected. reversal.