short it on trendline testing

Jun 30, 2017

the market has broken the weekly trendline downward and retested it. also it is moving down under a trendline. we are below 200 ema daily. it has tested twice the trendline and was rejected both times. if it test it third time and price action give us bearish reversal signal i will be shorting it as there is a downward potential

Jun 30, 2017

Note

this is the weekly chart

Jun 30, 2017

Note

watch for price action in the rectangle on 4 hour timeframe and check for bearish signal

Jul 3, 2017

Trade active

i have opened the trade. we have an inside bar with a bearish candle. and next bearish candle has broken below the inside bar. stop loss is on other side of the box