Traders and Investors Welcome !
* since the begin of the month April 2021, I trader the pair in long. Which provided me some good results; see link to related videos below.
1. My market analysis on the market condition indicates that prices must start to fall massively (due to the failed breakout) and long bearish candlesticks .
2. The 4H chart pattern indicates a ''descending channel'' which indicates that prices are falling down without really finding strong enough uptrend price actions.
3. I would recommend to use the SMA 200 as potential support level (see price note) and the EMA 55 as potential next resistance level .
4. My MACD also provides me guidance and indicators that prices become less bullish , see marked candlesticks which are bigger than the previous bullish and reversal ones.
! This is not a must, but, if you would like to entrer a trade this would be the perfect occasion (my point of view) to short until the price note is reached !
I hope you've like my idea, please continue to help me by liking, comment and follow.
Regards and take care,
Kevin C. Best
* since the begin of the month April 2021, I trader the pair in long. Which provided me some good results; see link to related videos below.
1. My market analysis on the market condition indicates that prices must start to fall massively (due to the failed breakout) and long bearish candlesticks .
2. The 4H chart pattern indicates a ''descending channel'' which indicates that prices are falling down without really finding strong enough uptrend price actions.
3. I would recommend to use the SMA 200 as potential support level (see price note) and the EMA 55 as potential next resistance level .
4. My MACD also provides me guidance and indicators that prices become less bullish , see marked candlesticks which are bigger than the previous bullish and reversal ones.
! This is not a must, but, if you would like to entrer a trade this would be the perfect occasion (my point of view) to short until the price note is reached !
I hope you've like my idea, please continue to help me by liking, comment and follow.
Regards and take care,
Kevin C. Best
