Trendline crossover 61.8% respected 200ema respected liquidity level respected
Scale is currently inverted. Upside down Head and Shoulders possibly forming, could catch the right shoulder being formed and then go for a deep short position from the top of the right shoulder to the -27%.
Bearish Flag breakout This pair has broken the flag and is now retesting the 38.2% and the flag itself. It has broke below the horizontal ray to indicate bearish movement. Will use tthe usual confluences for an entry, candle stick, ema, rsi and MACD.
Weekly-Black Lines Daily-Red Lines 8HR-Blue Lines Has respected a few key levels from the Daily so will hope it respects the upper red resistance and tap the 78.6% also the trend line and get the indicators from the 1HR time frame of 50/200 EMA and candle stick confirmations to indicate a short position.
Tap of the 38.2% Tap of the 50 EMA on the 1HR trade it to the -27% which lines up with the 2000.0
trand line cross over, retested the trend, tapped the 78.6%, currently forming a pinball candle, will look to trade it to the 0%.
Overall trend on the weekly is bearish, kind of ranging, RIS indicating its over bought, could see a drop to the trend and long it to the upside.
broke the trend and waiting for a retest, picture explains what i am expecting.
Bearish Flag breakout, wait for a retest of the 61.8% where some liquidity stands, hopefully see a pull back to previous lows