In 4hr:
double top with an engulfing candle pattern
price ranging between 1.8659 and 1.8328
Candle closed below 50 ema
On 1hr:
Candle approaching 200 ma
expecting a retracement to 1.18443 which is 0.618 fib retracement
TRADE :
If price closes below 1.18289 then we continue downwards towards 1.17497 since it will break 4hr resistance level
if it breaks above 1.18953 , then price will move upwards to 1.19588 which is a weekly resistance level
double top with an engulfing candle pattern
price ranging between 1.8659 and 1.8328
Candle closed below 50 ema
On 1hr:
Candle approaching 200 ma
expecting a retracement to 1.18443 which is 0.618 fib retracement
TRADE :
If price closes below 1.18289 then we continue downwards towards 1.17497 since it will break 4hr resistance level
if it breaks above 1.18953 , then price will move upwards to 1.19588 which is a weekly resistance level
Trade active:
took partial profits and moved sl to break even
Trade closed: target reached:
tp 1.7497 reached