MPR86

MPR86

On a 4h timeframe the price made a down channel and reached the up trendline. On a 1H timeframe the price made a double top and reached a S/R zone and breached, if the price makes a confirmation on the S/R zone the probability that the price will go down is pretty big.

MPR86

On a 4h timeframe the price made a fake out on down channel and entered back on the channel making a double bottom, if the price brakes the 1h time frame wedge formation, also the S/R zone retesting it then it will be a very big possibility that the price will go up.

MPR86

On the 4H timeframe the price made a wedge pattern, and the price breached, the price also made a double bottom there. On the 1H timeframe the price breached a S/R zone and retested it .

MPR86

On a daily timeframe there is a up channel, that was breached but that was a fake out, and the price came back in the up channel. On the 4H time frame the price made a wedge, and breached that when entered in the daily up channel. on the 1H timeframe the price breached a S/R zone and retested it.

MPR86

there is a possibility the down trend to be reversed, but there is also a chance that the trend to be respected

MPR86

The price has reached the 0.5 Fibo, if it brakes and retests we got a good sell setup. Also the price is on a down channel on 1D timeframe.