market broke out from long term up trend line yesterday and showed a small first bottom at 1.649 area which started now the next up wave to at least 1.657 which is sell area and a good short entry.
-RSI and Stochastic RSI on 1H implements another smaller up wave before next bigger down wave as drawn in the chart -Bollinger bands start moving sideways which implements another smaller up wave as well -expect buyers coming into the market after hitting the yellow 50 day moving average line -no bigger volume peak has been down which could implement trend reversal - expect trend continuation if volume stay small
All indicators on bigger time frames (4H and more indicate incoming big down movement)
Order cancelled
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short trade cancelled - no resistance area has confirmed a trend reversal