what do we see in this pair? very interesting price can make a correction before going down as of right now we will see how it reacts to support and the major daily trend line
so far our confirmations
M pattern
big bearish momentum candle
stochastic cross over on daily time frame
ACTIONS WE TAKE
wait for the market to make its decisions and play out if we see more bearish momentum breaks to the down side ill be shorting if it makes a HH ill be going long
so far our confirmations
- bearish divergence
M pattern
big bearish momentum candle
stochastic cross over on daily time frame
ACTIONS WE TAKE
wait for the market to make its decisions and play out if we see more bearish momentum breaks to the down side ill be shorting if it makes a HH ill be going long
Comment:
BECAREFUL SHORTING THIS PAIR AS WE SEE REJECTION FROM THE TRENDLINE SUPPORT AND GOLDEN 50% RETRACEMENT ALSO A HEAD FORMATION OF A INVERTED HEAD AND SHOULDER !!