-strong uptrend since end of December
-price is near long term resistance line and retraced already three times from this line
-price retraced already from upper up channel trend line
-all indicators showing bearish correction incoming
-wait for clear short confirmation before entering this trade
good luck to all and have a nice weekend !
1. Prior consolidation before strong up move, shows hidden selling activities at this region - buyerswill be likely to defend their positions at this level
2. Strong uptrend move – aggression of the buyers shown
3. Prior resistance turned support level
Our Trade Setup will be:
NourCapital - Tracking Smart Money...
Renko chart shows support, bouncing from it will send the value to the closest resistance with good gains on midterm-longterm.
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