$rf downtrend breakout lookout!
-long term time frame is almost completing a symmetrical triangle and price bounced off support
-intermediate time frame shows break of downtrend line and price action shows the impulse moves being weaker as it continued its downtrend showing possibility of tiring out
-also price rejection at the 13.26 area showing support on higher and intermediate timeframe and started to make higher highs/
-looking to make and entry on this breakout on the intermediate time frame for a breakout out of the symmetrical triangle on the higher timeframe above 14.0x area
-looking for a move back to the .50 retracement level of 14.0x which coincide with the higher time and will be watching out for the breakout
-positive divergences on rsi and macd are confluences
-intermediate time frame shows break of downtrend line and price action shows the impulse moves being weaker as it continued its downtrend showing possibility of tiring out
-also price rejection at the 13.26 area showing support on higher and intermediate timeframe and started to make higher highs/
-looking to make and entry on this breakout on the intermediate time frame for a breakout out of the symmetrical triangle on the higher timeframe above 14.0x area
-looking for a move back to the .50 retracement level of 14.0x which coincide with the higher time and will be watching out for the breakout
-positive divergences on rsi and macd are confluences
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