Daily: Formed a head and shoulder pattern, currently approaching the support zone.
4H: -Lower high and lower low are being created. Bearish momentum might take over soon.
- Short-term trend line also broke downward.
- MACD indicates the strength of bearish is getting stronger.
Possible scenario: Price might re-bounce on the respected support zone, also retesting the broken trend line.
**What to do now? When to buy?**
- Sell when the price breaks below the support zone with huge bearish momentum, or,
- Enter the trade when the price retest at fib level after the break of support area.
4H: -Lower high and lower low are being created. Bearish momentum might take over soon.
- Short-term trend line also broke downward.
- MACD indicates the strength of bearish is getting stronger.
Possible scenario: Price might re-bounce on the respected support zone, also retesting the broken trend line.
**What to do now? When to buy?**
- Sell when the price breaks below the support zone with huge bearish momentum, or,
- Enter the trade when the price retest at fib level after the break of support area.
Trade active
Trade closed: target reached:
a very good trade!
