Reversal bar at the trend line, 2nd entry with bearish bar
Signal bar - Reversal bar at the trend line, 2nd entry with bearish bar
Trend - Short term is very weak bullish, if you see big picture it is bearish.
Strength (Shadows and Candle Size) - bearish bar with wick rejecting higher prices. bullish trend has been already weaken.
Level (S/R, trend line short term trend line) -
key resistance area and signal bar has formed king of double top.
2nd entry (2 leg pullback) - 2nd entry chance to enter on bearish engulfing bar.
Breakout pullback - NA
EMA - EMA is kind of flat. Both EMAs are moving through bars from last 2 swing up. Which indicates that bull trend has almost lost its strength.
Reversal - Reversal bar at the trend line.
DT/DB - Reversal bar has formed double top
Congestion - 3 bars formed congestion.
Retrenchment - NA
Correlation with other pairs - NA
Other time frame - NA
Trend - Short term is very weak bullish, if you see big picture it is bearish.
Strength (Shadows and Candle Size) - bearish bar with wick rejecting higher prices. bullish trend has been already weaken.
Level (S/R, trend line short term trend line) -
key resistance area and signal bar has formed king of double top.
2nd entry (2 leg pullback) - 2nd entry chance to enter on bearish engulfing bar.
Breakout pullback - NA
EMA - EMA is kind of flat. Both EMAs are moving through bars from last 2 swing up. Which indicates that bull trend has almost lost its strength.
Reversal - Reversal bar at the trend line.
DT/DB - Reversal bar has formed double top
Congestion - 3 bars formed congestion.
Retrenchment - NA
Correlation with other pairs - NA
Other time frame - NA
Trade closed: stop reached