On a weekly, price tested the resistance of it bearish trend channel and formed a gravestone doji after which few bearish candles follows and on a daily timeframe, price trended in an ascending triangle for a while and testing it support for a while it broke through it with an bearish engulfing candlestick and made it way down, on a 4H timeframe, price has been testing a dynamic resistance stopping it form going upward and same thing too on a 1H timeframe, price experience another dynamic resistance pulling it down..
Presently now, price tested an horizontal support for few times with no successful breakout and at the same point, price is testing the support of an descending triangle form on a 1hour timeframe...At this point we wait for a successful breakout of the 1H support before we join to short the market with take profit around 2.0000.. Thank you for reading and don't forget to like, comments ideas and follow..
Presently now, price tested an horizontal support for few times with no successful breakout and at the same point, price is testing the support of an descending triangle form on a 1hour timeframe...At this point we wait for a successful breakout of the 1H support before we join to short the market with take profit around 2.0000.. Thank you for reading and don't forget to like, comments ideas and follow..
Comment:
With take profit around 1.00000
