danchrispine

double rejection off a former R/S area If neckline is broken, the bearish trend may resume

watching the rising trendline. Acted as a support at the European open and 40 pips later here we are

After the post FOMC bullish run, the past four hours have shown: 1. Rejection off the Ichimoku cloud 2. A bearish engulfing bar after the rejection. If this is confirmed, then this will definitely be a good chance to go short with a 100 pip target and initial stop at 1.5170