in the Weekly and monthly time frame we have a bearish trend.
The price has failed to reach the 50% retracement level, it has retraced twice to the 38.5% level.
The fractal indicator shows a bearish signal.
The EMA 50 cross shows a bullish signal.
Candlestick analysis: Bearish Harami
Bollinger bands show a bearish signal at the red circle on the chart.
The weekly charts shows a downward trend, we are looking for bearish entry points.
Bearish Fractal signal.
Bearish EMA 50 Cross.
We have a strong bearish engulfing candle and a confirmation candle.
This is the second the resistance line was hit, I believe that the price may drop back to support and might breaktrough.
Stop loss at 2ATR
Not a great risk/reward...
At this moment there is no suitable entry point.
We have a weekly and monthly bearish trend, we are looking for bearish entry points.
It has only retraced to the 23.8% level, therefore there is a chance it continues towards the 50% level.
Candlestick analysis: we have a strong bearish engulfing candlestick.
It seems like we are close to bearish EMA 50...
We have a bearish weekly trend therefore we will be looking for bearish entry points.
The price has retraced 50% from the last move (red line on chart), which is a previous support and now resistance line.
Candlestick analysis: We have an large bullish engulfing candlestick.
EMA at a Bearish cross.
Fractals bearish signal.