Rally of the last days seems to have peaked. MACD and Stochastic are bearish on the daily.
Entry: 8.645
Short target one: 8.60
Short target two: 8.58
Stop Loss: 8.65
4 hour chart: Stochastic is bearish and price is below the Bollinger Band midline (SMA 20)
2 hour chart: Stochastic is still bearish and price is below the Bollinger Band midline (SMA 20) and the MACD is about to go bearish
1 hour chart: Stochastic is bearish and price is below the Bollinger Band midline (SMA 20) and the MACD is also bearish
And it turned bearish on the weekly on Stochastic
Entry: 8.645
Short target one: 8.60
Short target two: 8.58
Stop Loss: 8.65
4 hour chart: Stochastic is bearish and price is below the Bollinger Band midline (SMA 20)
2 hour chart: Stochastic is still bearish and price is below the Bollinger Band midline (SMA 20) and the MACD is about to go bearish
1 hour chart: Stochastic is bearish and price is below the Bollinger Band midline (SMA 20) and the MACD is also bearish
And it turned bearish on the weekly on Stochastic
Comentarios:
Stop loss hit at 8.65 yesterday way before the big spike up to 8.70 today. The price is now near the weekly R1 resistance. Maybe it's a short play next week, if stays below R1: