- Price coming back to range top strongly - Would like to see some spike out and reject back under the zone which will show bearish pressure - Ideally retest the zone give closer to the top and place sell stop just below the zone to ride the downward momentum if present.
Price at top of range Price failed to break above the 100 sma and range top Macd over bought Short bias Long trade if breakout range top Short trade Sell Stop @ 1.3090 Sell Take Profit @ 1.3005 Watch Mace to cross below Red signal Macd line and zero level
Multi Time frames Day/4H/1H/15m Day - Double top/evening star candle pattern 4H - Macd overbought/Macd crossed below Red signal line/price falling to 50 sma 1H - Price stalling above 38.2% fib retrace/Price riding along 100 sma 15m - Macd over bought/Price broke below 100 sma Enter short on a 5m break-hook-go