Weekly has a double bottom and a recent Higher High. But, predominantly, it's a Downtrend. There is a wide bearish RSI divergence too. Price is hovering at an important level.
In Daily, nothing is supporting. There is a break of Trendline, but not convincing.
75 min is interesting. There is Head and Shoulders pattern, EMA crossover and a clear candle rejecting the cross and pivot yesterday.
Today, if the price opens at the same level as yesterday's, I will look to go short with SL above the high of the previous day's candle in question. It would be an aggressive trade.
In Daily, nothing is supporting. There is a break of Trendline, but not convincing.
75 min is interesting. There is Head and Shoulders pattern, EMA crossover and a clear candle rejecting the cross and pivot yesterday.
Today, if the price opens at the same level as yesterday's, I will look to go short with SL above the high of the previous day's candle in question. It would be an aggressive trade.
Trade closed: stop reached:
Chartered Accountant | Trader | Trainer
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