Daily bias is bearish. 50 & 8 MA are bearish. We traded into a daily imbalance area coming in at $0.39098
We failed to break the $0.40984 in anticipation to form a Quasimodo/Head and Shoulders technique on the weekly timeframe. A bullish channel on the H4 has broken towards the downside and now an Asymmetrical triangle is forming right under it's nose. We are anticipating a false break to the upside into a strong resistance coming in at $0.373432 (Entry short)
Our Target comes in at $0.33140767 with an Order Block in place
We failed to break the $0.40984 in anticipation to form a Quasimodo/Head and Shoulders technique on the weekly timeframe. A bullish channel on the H4 has broken towards the downside and now an Asymmetrical triangle is forming right under it's nose. We are anticipating a false break to the upside into a strong resistance coming in at $0.373432 (Entry short)
Our Target comes in at $0.33140767 with an Order Block in place
Comment:
Our Sell limit order at $0.373432 did not trigger but price delivered well to our target of $0.33140767