WEEKLY :
Fifth consecutive black candle...The 61.8% Fib ret @ 0.00003702 has already been filled with an intraweek low
@ 0.00002915 reached last week.
Global picture does not smell good !!!
Indeed on this time frame the pressure remains to the downside !
DAILY :
In an ongoing downtrend move; below the clouds, the Kijun-Sen, the Mid Bollinger Band and the Tenkan-Sen !
RSI below 50 @ 38.00
Only a recovery above the cluster (0.00004174-0.00004356) would neutralise the ongoing downside risk in that Daily time frame
H4 :
Same picture than for the Daily chart; watch the downtrend line resistance (in red)
H1
Recovery attempt in this time frame; watch Tenkan-Sen on a 1 hour closing basis. A successful upside breakout would be the first signal
of a tactical recovery with an upside pretty limited towards Mid Bollinger Band ahead of Kijun-Sen
SELL ON RALLY
Ironman8848
Fifth consecutive black candle...The 61.8% Fib ret @ 0.00003702 has already been filled with an intraweek low
@ 0.00002915 reached last week.
Global picture does not smell good !!!
Indeed on this time frame the pressure remains to the downside !
DAILY :
In an ongoing downtrend move; below the clouds, the Kijun-Sen, the Mid Bollinger Band and the Tenkan-Sen !
RSI below 50 @ 38.00
Only a recovery above the cluster (0.00004174-0.00004356) would neutralise the ongoing downside risk in that Daily time frame
H4 :
Same picture than for the Daily chart; watch the downtrend line resistance (in red)
H1
Recovery attempt in this time frame; watch Tenkan-Sen on a 1 hour closing basis. A successful upside breakout would be the first signal
of a tactical recovery with an upside pretty limited towards Mid Bollinger Band ahead of Kijun-Sen
SELL ON RALLY
Ironman8848