Firstly, there is a change in a trend, currently we are in a DOWN TREND, also retested RES 1 @ 0.96883 and RES 2 @ 0.94600 ( PSY Price Level).
Secondly, we have on those price levels BERSIH Pattern confirming reversals.
Thirdly, on , also supported with 90, we have couple of DIVERGENCES, both Neg and Pos .
Finally, currently we have divergence and break on level 70, showing the upper swing trend is OVERBOUGHT, and bulls are losing momentum in a swing. Moreover, as explained we are in a down trend both MA and on proper directions and positions. Indicating Short Position.
*Please have in mind, this is LONG TERM ANALYSIS (WEEKLY CHART ANALYSIS). my predictions are in a 3 months period forecast. SL:TP ratio 1.56%/4.22% (1:4)
Have a nice profitable monthly trades!
All the best,