1. SnR: Price not able to sustain above resistance zone 3994. This indicates a strong seller
2. Channel/Trendline: Price break up trendline - Indicate sideway/change direction.
3. Oscillator: MACD from yesterday shows a bearish divergence
Expectation :
1. Price will continue bearish momentum until at least close the previous gap.
Trading plan as usual :
1. In Early morning, monitor the nearest possible SnR
2. Monitor EMA12 1min TF for entry
2. Channel/Trendline: Price break up trendline - Indicate sideway/change direction.
3. Oscillator: MACD from yesterday shows a bearish divergence
Expectation :
1. Price will continue bearish momentum until at least close the previous gap.
Trading plan as usual :
1. In Early morning, monitor the nearest possible SnR
2. Monitor EMA12 1min TF for entry
Comment:
Monitor EMA12 1min and mid channel
Trade active:
Price test EMA12 and mid channel
Comment:
As expected, price react to mid channel.
Watch out for possible reversal / sideway area near the lower channel
Watch out for possible reversal / sideway area near the lower channel
Comment:
Another entry chance.
Price test EMA12 5min.
MACD forming re-entry pattern
Price test EMA12 5min.
MACD forming re-entry pattern