Price Action: Sharp Rejection from the Upper Resistance Line, in a confirmed downtrend.
MACD about to crossover for a bearish Signal.
Stochastic indicating an over brought Position as its above the 70 line.
Price under the 200 EMA and a sharp rejection wick seen on the 4 hour time frame.
Clear touch and rebound of the trend line .
Bearish confirmation candle sticks are seen.
Stochastic and Momentum are both both indicating a sell.
Stop loss of only 20 pips.
CLEAR SHORT TILL NEXT RESISTANCE LEVEL .
Third touch of the 1 hour trend line with the bullish confirmation candles.
Stochastics and Momentum Indicators are also indicating a buy.
Expecting it to buy through the week till the next resistance level.