Price pulling back lower , however in daily chart we still have 20/50 SMA below price which may offer support .
Overall as in 4hr price has turned bearish , we would like to sell towards horizontal support , in case price breaks below we might see further bearish pressure ..
Inversely if price moves above 20 SMA in 4hr chart our bearish bias will be invalidated and we will look for potential long opportunities , till then keep selling on rise towards support.
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Overall as in 4hr price has turned bearish , we would like to sell towards horizontal support , in case price breaks below we might see further bearish pressure ..
Inversely if price moves above 20 SMA in 4hr chart our bearish bias will be invalidated and we will look for potential long opportunities , till then keep selling on rise towards support.
Follow us for more..