1M
Last few months have seen strong bearish movement, closing below 0.75750 support which has now turned resistance. EMA have crossed back over to the down side and taking out the previous higher low.
1W
A shooting star formed which was help nicely by the downwards facing EMA. Last week’s candle closed with a bearish engulfing taking out 4 previous weeks candles.
1D
Yesterday’s candle closed below 0.74000 which today has been tested and rejected. EMA pointing to the down side.
4H
EMA are pointing to the down side, price action has pulled back up and rejecting both the monthly resistance of 0.74000 and the 50% fib level. As the price has tested this monthly level and can’t break passed it, we should see the price fall to around 0.73280 where the next support level lies.
Last few months have seen strong bearish movement, closing below 0.75750 support which has now turned resistance. EMA have crossed back over to the down side and taking out the previous higher low.
1W
A shooting star formed which was help nicely by the downwards facing EMA. Last week’s candle closed with a bearish engulfing taking out 4 previous weeks candles.
1D
Yesterday’s candle closed below 0.74000 which today has been tested and rejected. EMA pointing to the down side.
4H
EMA are pointing to the down side, price action has pulled back up and rejecting both the monthly resistance of 0.74000 and the 50% fib level. As the price has tested this monthly level and can’t break passed it, we should see the price fall to around 0.73280 where the next support level lies.
Trade closed: stop reached:
Stop Reached