We have a few cnfuences which falls in line with my trading strategy:
1. Price is at a key level of resistance
2. We can see slight divergence on the 1hr timeframe
3. The moving averages have crossed to the downside on the 1hr timeframe
4. We have had a strong push which makes me believe that a pullback/exhaustion is in order
As always respect your risk management and keep learning
1. Price is at a key level of resistance
2. We can see slight divergence on the 1hr timeframe
3. The moving averages have crossed to the downside on the 1hr timeframe
4. We have had a strong push which makes me believe that a pullback/exhaustion is in order
As always respect your risk management and keep learning