capableUser20900

capableUser20900

1. Price in a supply zone on the weekly chart 2. Price at the upper line of a downtrend channel on the 4H charts 3. Stochastic and RSI in the overbought region on the 4H chart and stochastic is overbought on 30min chart 4. Engulfing candle on the 30min chart

capableUser20900

Market is at the resistance of a channel on the daily time frame Market is also entering a resistance zone from the 4H time frame Coupled with oversold market condition on the 1H time frame for both stochastic and RSI indicator All Setup leads to a potential Sell, pending confirmation (i.e a bearish pattern)