4H time frame is showing bearish bias. Trendline with 3 clear touches descending. RSI is also losing momentum and has crossed below the 50 line.
1H Time frame has rejected the trendline and recently broke the 50 EMA. Also, breaking a strong previous support turned resistance and in the vicinity of the 50 EMA making for a strong confluence area.
SHORT!
1H Time frame has rejected the trendline and recently broke the 50 EMA. Also, breaking a strong previous support turned resistance and in the vicinity of the 50 EMA making for a strong confluence area.
SHORT!