**Daily:** Recent impulse is overextended. Looking for correction. However, MACD still in bullish strength.
**4H:** Formed a nice head and shoulder pattern, which is a possible retracement movement as stated in above. MACD shows more bearish momentum is being added.
**1H:** Structure has been broken downside, creating a lower low. 50 EMA also penetrated the candle. MACD shifts more towards bearish strength.
**What to do now? When to sell?**
- Monitor closely and sell around the current price. I would wait for more bearish momentum to create a lower high to reduce my RR.
Good Luck!
**4H:** Formed a nice head and shoulder pattern, which is a possible retracement movement as stated in above. MACD shows more bearish momentum is being added.
**1H:** Structure has been broken downside, creating a lower low. 50 EMA also penetrated the candle. MACD shifts more towards bearish strength.
**What to do now? When to sell?**
- Monitor closely and sell around the current price. I would wait for more bearish momentum to create a lower high to reduce my RR.
Good Luck!
Trade closed: stop reached