1M
EMA has been retested followed by a huge bearish engulfing.
1W
Last week’s candle rejected both EMA’s, followed by this week we have spiked up to the EMA and rejected again.
1D
Todays close has engulfed 5 days candles, whilst closing below the downwards facing EMA. Price is now trading back below the bearish trend line, also preferred FIB level has been tested.
4H
Price forming low highs, while the trend line is resisting the price from going up any further. CTL has been broken by the price with EMA pointing down again.
EMA has been retested followed by a huge bearish engulfing.
1W
Last week’s candle rejected both EMA’s, followed by this week we have spiked up to the EMA and rejected again.
1D
Todays close has engulfed 5 days candles, whilst closing below the downwards facing EMA. Price is now trading back below the bearish trend line, also preferred FIB level has been tested.
4H
Price forming low highs, while the trend line is resisting the price from going up any further. CTL has been broken by the price with EMA pointing down again.
Trade closed: target reached