1M
Last month we saw a hammer followed by a bullish engulfing candle, this rejected the monthly level and closed above the weekly. EMA pointing down
1W
Last week’s candle closed back below the EMA and the weekly level. After priced rallied up and was rejected by the downwards facing EMA.
1D
Today’s candle opened at a very low point after the weekend, price retraced back to where it closed the following week. EMA pointing down.
4H
A bearish trend line has been touched with a 3rd bounce, the same level is my preferred fib zone. Alongside this a shooting star has formed.
Last month we saw a hammer followed by a bullish engulfing candle, this rejected the monthly level and closed above the weekly. EMA pointing down
1W
Last week’s candle closed back below the EMA and the weekly level. After priced rallied up and was rejected by the downwards facing EMA.
1D
Today’s candle opened at a very low point after the weekend, price retraced back to where it closed the following week. EMA pointing down.
4H
A bearish trend line has been touched with a 3rd bounce, the same level is my preferred fib zone. Alongside this a shooting star has formed.
Trade closed: target reached