What information can we get on 1H and 4H timeframe
1. 4Hour TF formed a bearish engulfing candle and probably heading towards the previous level of support
2. From 1Hour TF, the price already broke my support trendline indicating strong bearish momentum. I'll probably aim for Short position at the retracement level
3. Bear in mind the major trend is still bullish and Sell position shall be on short term movement
* its best to look for the price action before we take any position with proper Risk management RR and lot sizes. The chart is solely based on my observation from a technical perspectives. Any news or fundamental impacting the movement of market is beyond of my comprehension
1. 4Hour TF formed a bearish engulfing candle and probably heading towards the previous level of support
2. From 1Hour TF, the price already broke my support trendline indicating strong bearish momentum. I'll probably aim for Short position at the retracement level
3. Bear in mind the major trend is still bullish and Sell position shall be on short term movement
* its best to look for the price action before we take any position with proper Risk management RR and lot sizes. The chart is solely based on my observation from a technical perspectives. Any news or fundamental impacting the movement of market is beyond of my comprehension