Our first idea runs exactly like we showed..
What I now see at the moment is that it try to break the support line,
and more important, the 50 Moving average on the 4H chart and the 200 Moving average on the 1H chart.
If those 3 things line up, then retest and it fail, we can get a nice short.
What I now see at the moment is that it try to break the support line,
and more important, the 50 Moving average on the 4H chart and the 200 Moving average on the 1H chart.
If those 3 things line up, then retest and it fail, we can get a nice short.
Comment:
It still holds the trendline and the moving averages, lets wait for a break of that.
