Hi, so the market right now from my perspective is showing a downtrend side from 4H timeframe, as the price cross to the downside of 100 EMA and bounce again a few times.
For a trend-following traders, I'm looking for sell opportunity, right now we can consider see a nice double top (grey box) has been formed as well the current structure price cannot create a swing high which mean that the bear got advantage.
For entry confirmation please continue monitor for any price action occur on 1H timeframe.
Thanks you for reading ! :D
For a trend-following traders, I'm looking for sell opportunity, right now we can consider see a nice double top (grey box) has been formed as well the current structure price cannot create a swing high which mean that the bear got advantage.
For entry confirmation please continue monitor for any price action occur on 1H timeframe.
Thanks you for reading ! :D