BCHUSD 1H is falling to the 2nd Take Profit. Pullback then bearish continuation Macd will rise and then fall again to confirm bearish continuation.
Enter trade on 15m chart. Sell Limit @ 149.20 Sell Stop @ 148.45 TP @ 147.85
daily chart showing price pullback to prior support-high r/r for bearish continuation with multiple test of resistance 89.3x mid time frame showing bearish wedge breakdown-solid momentum breaking out of wedge monitoring price action on lower time frame to see follow-thru tech sector looking weaker also
Technically, since the beginning of February, the GBP/USD has been in a bearish channel . Our trading plan favors a short in the area in which the price currently is. Momentum wise, on our higher time-frame (4H Chart) the 7 period RSI is slowly going into Overbought territory while on our trading time-frame (1H Chart) we have a 7 period RSI bearish divergence....