CN50 H4 SHORT PRICE ACTION FORECAST
CHINA A50 found rejection from a critical resistance level from the ascending channel. Price action making a tweezer top candle. MACD is showing diminished bullish momentum, together with a clear divergence for confluence on the bearish bias.
Price in consolidation.
The order:
Type: sell-stop.
S/L: 20 pips - R:R | 1:2 -
T/P: aiming to the next supply zone + ascending channel support
Price in consolidation.
The order:
Type: sell-stop.
S/L: 20 pips - R:R | 1:2 -
T/P: aiming to the next supply zone + ascending channel support
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