Price back at its ascending trendline, where we could see a bounce back to the upside, or I will be watching for a clean break of support & the trendline for a potential reversal of trend..
Making its 3rd touch to the ascending trendline, rejecting off the 200 ema. A daily closure is preferred first before entering if price closes above the trendline or not. If the trendline breaks the next level of interest is around 6K
Slow Macd - 12.200.15 Slow Macd Blue line below 0 level = short bias Ascending Trendline breakout Entry 15m Break-Hook-Go 2nd Entry Short - Sell Stop @ 153.60 Exit @ 800 sma
Day chart has Bearish Candle Pattern - Pin Bar with Morning Star 4H Macd Shows still Bearish room Macd crossed below Red line Both lines falling Wide space between lines 0 level cross pending 30m ENTRY - Breakout below ascending trendline Wait for red open/closed candle then...