in critical zone looking to break trendline
Looks like a nice setup
Chart explains it all..
Descending Triangle On Daily TF. Also In A Critical Zone
A couple of confluences on this chart
EASY
short baby
-Overbought on all timeframes. -Supply Demand Area -Well respected price level -If close below price level will take a short
-Nice Pattern -Nice Retracements -Stochastic showing overbought on timeframes -Waiting on london session
Clearly overbought,Also coming off an 61.8 Retracement,Overbought on all timeframes
Looks like a good sell. Oversold on all time frames
-Stochastic shows oversold on daily and 4 hours which is the long term -At 61.8 fib could retrace -Waiting for setup on the 1 hour chart for entry