We can see that price could not break the resistance (5 times!), and with the last candle we see that bears pushed the price down again.
Plus we are on top of the channel.
Only thing, EMA 200 tells us to buy. But as we all know, the EMA 200 sometimes is too slow, and thats what I am guessing here.
If we get a good bearish candle next, that is our entry.
Trade safe and always check back!
Plus we are on top of the channel.
Only thing, EMA 200 tells us to buy. But as we all know, the EMA 200 sometimes is too slow, and thats what I am guessing here.
If we get a good bearish candle next, that is our entry.
Trade safe and always check back!
Note
profits =)
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Free Trading Education:
discord.gg/EQmck5aU
discord.gg/EQmck5aU
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.