Monthly
Huge rejection of 1.3000 key level with bearish engulfing this month. Last month we saw a hanging man. Price has ultimately brought us back below this level.
Weekly
Clear shooting star at the end of July followed by bearish activity after this. Another shooting star as we complete this week. MAs not yet crossed as reversal is in the works.
Daily
MAs downward facing with lower highs and lower lows signifying a downtrend. Shooting star on Tuesday rejecting our red MA as well as 1.2870 daily resistance barrier.
H4
Generally lower highs and lower lows. We have a 61.8% fib rejection with CTL break and MA crossover to the downside. 10AM candle closed as a bearish engulfing.
Huge rejection of 1.3000 key level with bearish engulfing this month. Last month we saw a hanging man. Price has ultimately brought us back below this level.
Weekly
Clear shooting star at the end of July followed by bearish activity after this. Another shooting star as we complete this week. MAs not yet crossed as reversal is in the works.
Daily
MAs downward facing with lower highs and lower lows signifying a downtrend. Shooting star on Tuesday rejecting our red MA as well as 1.2870 daily resistance barrier.
H4
Generally lower highs and lower lows. We have a 61.8% fib rejection with CTL break and MA crossover to the downside. 10AM candle closed as a bearish engulfing.
Trade closed: stop reached