BASIS FOR SHORTING THIS TRADE
PIN BAR FORMED AT
0.7700 RESISTANCE
D1 20SMA AND 50SMA
H4 200SMA
50% FIB
PRICE HAS FAILED TO CLOSE ABOVE 0.7700 3 TIMES ON THE D1
SLIGHT BEARISH DIVERGENCE ON THE H4
HOWEVER, THE ONLY OFF THING ABOUT THIS TRADE IS THAT THE RISK REWARD CURRENTLY IS NOT FAVOURABLE. THUS, I MAY KEEP MY HANDS OUT OF THIS TRADE.
H4 CHART
SUBSCRIBE LIKE COMMENT MY IDEAS IF YOU AGREE OR DISAGREE.
HAPPY PIPPING.
PIN BAR FORMED AT
0.7700 RESISTANCE
D1 20SMA AND 50SMA
H4 200SMA
50% FIB
PRICE HAS FAILED TO CLOSE ABOVE 0.7700 3 TIMES ON THE D1
SLIGHT BEARISH DIVERGENCE ON THE H4
HOWEVER, THE ONLY OFF THING ABOUT THIS TRADE IS THAT THE RISK REWARD CURRENTLY IS NOT FAVOURABLE. THUS, I MAY KEEP MY HANDS OUT OF THIS TRADE.
H4 CHART
SUBSCRIBE LIKE COMMENT MY IDEAS IF YOU AGREE OR DISAGREE.
HAPPY PIPPING.