1M Was a little hesitant to make this trade as last month’s monthly candle was a big hanging man, but all the other points out weighted this fact. EMA are pointing to the down side.
1W Lower highs and lower lows have been formed since May this year. We are currently on a lower higher and awaiting a lower low to be formed. This week is currently a bearish engulfing.
1D Strong close below the weekly support 1.2500 next target is the monthly support 1.22000. Major fib level has been reached and rejected from.
4H CTL has been crossed and EMA crossed before this break pointing to the downside. The last previous higher low has also been taken out.