NRicciardi

NRicciardi

I can see many confluences giving me a bias to the downside. Here is my reasoning: - Rejected @ 50% Fib Zone - 200 EMA Acting as Resistance - Monthly Support turning into Resistance - 20/50 EMA rejected price - Broke CTL Trendline + Weekly Support - ABCD Play Thank you and good luck.

NRicciardi

I am awaiting on a break of Monthly support level + CTL for further confirmation before entering.

NRicciardi

I see a potential short setup but I awaiting on a break of CTL + weekly support level for further confirmation before entering. Will be monitoring this pair on the 4 hour timeframe.

NRicciardi

I see a potential long setup but I am waiting on a retest of the weekly support level for further confirmation before entering.

NRicciardi

Testing a few things.

NRicciardi

MA Crossover Trendline Break Break of 1.5000 major res levels Above 50MA

NRicciardi

Broke out of the flag, retested and now continuing to the downside.

NRicciardi

As you can see price broke the trendline, retested and now waiting for the continuation to the downside.

NRicciardi

Trendline break and retest could possibly go to the downside.

NRicciardi

Awaiting for retest or any confirmation for bullish sentiment before placing an entry. Long term trend bearish.