Bias: Bearish
Here's why,
- Double Top formation on DTF @ 1.22770
- Price then dropped to DS @ 1.20662
- On LTF price broke under 1.20662 and is currently retesting this support as a resistance
- I will be going short after the retest to next major support @ 1.8050
- 1 hour TF my EMA's confirmed down trend continuation
- 30 min TF EMA's crossed for confirmation as well
I am not a trading guru so please be aware and use RISK MANAGEMENT.
Please give feedback! It will be greatly appreciated!
Here's why,
- Double Top formation on DTF @ 1.22770
- Price then dropped to DS @ 1.20662
- On LTF price broke under 1.20662 and is currently retesting this support as a resistance
- I will be going short after the retest to next major support @ 1.8050
- 1 hour TF my EMA's confirmed down trend continuation
- 30 min TF EMA's crossed for confirmation as well
I am not a trading guru so please be aware and use RISK MANAGEMENT.
Please give feedback! It will be greatly appreciated!