Monthly
The month so far has been quite bearish and price has pulled us back below 144.00 - a key area of resistance. Price has previously rejected this area with shooting stars and even though we did breach this zone, it could potentially prove to be a false breakout depending on how this month closes out. Last month we saw some indecision with a doji candlestick. MAs are also downward facing with price rejecting our red MA.
Weekly
We've seen a series of lower highs whilst attempting to breach 144.00 - a good indication of price reversal. Last month we also had a 3-pin formation followed be a bearish engulfing. We can also see tweezer tops and strong bearish candle last week whilst MAs are converging closer together for a possible crossover to the downside.
Daily
Again lower highs and lows with a tweezer top formation at the beginning of this month. Price has broken our daily TL and retested it and rejected witha shooting star. MAs downward facing. Daily close shooting star.
H4
Lower highs and lower lows with MAs downward facing. Shooting star rejection off the 61.8% fib level which is also confluent with resistance area of 142.50 and daily TL.
The month so far has been quite bearish and price has pulled us back below 144.00 - a key area of resistance. Price has previously rejected this area with shooting stars and even though we did breach this zone, it could potentially prove to be a false breakout depending on how this month closes out. Last month we saw some indecision with a doji candlestick. MAs are also downward facing with price rejecting our red MA.
Weekly
We've seen a series of lower highs whilst attempting to breach 144.00 - a good indication of price reversal. Last month we also had a 3-pin formation followed be a bearish engulfing. We can also see tweezer tops and strong bearish candle last week whilst MAs are converging closer together for a possible crossover to the downside.
Daily
Again lower highs and lows with a tweezer top formation at the beginning of this month. Price has broken our daily TL and retested it and rejected witha shooting star. MAs downward facing. Daily close shooting star.
H4
Lower highs and lower lows with MAs downward facing. Shooting star rejection off the 61.8% fib level which is also confluent with resistance area of 142.50 and daily TL.
交易结束：到达目标
SL now moved to BE.