BROKEN ITS SHORT TERM TL PRICE GOT REJECTED FROM 1.55 LEVEL
--PREVIOUS STRUCTURE --50 EMA --PRICE REJECTION --TL BOUNCE --OVERALL TREND DOWN
IT IS A INTRADAY TRADE SEEN THE PRICE BOUNCE ON 3RD TOUCH AND SET THE TARGET ON 50 EMA R:R IS ALSO GOOD 1:4
Reasons For Sell:- 1)broken Main TL 2)Retested <Main TL 3)Price Rejected Form Fib 618 4)Price Made a trangle(Broke the trangle and retested it Showing Rejections) Downside Target 128.4
Reasons for sell:- 1)Broekn CTL 2)Retested CTL 3)Bearish PA on Retesting 4)Double TOp 5)Ichimoku Cloud Resistance 6)Price Rejected form Daily MA 200
Eurgpb fourth touch on down trendline price rejected from down trendline Its also broken and retested the CTL now down trend continues
Audusd heavely fall and then take support on phycological level 0.7000 here it is making HH HL broken Inner Trend Line so i am long on this trade For a while
Rejection Form Main Channel H1=Eveningstar H2=Bearish Engulfing H4=Shootingstar Overall Trend Bearish
Double TOp Broken Double Top Nechline Broken Inner TL Target 1,387