What information can we get in 4H timeframe:
1. The price is heading for sell retracement level followed by long wick rejection candle
2. My idea for sell position shall be at the breakout of the support trendline
3. Bear in mind the major trend is still bullish and Sell position shall be on short term movement
* its best to look for the price action before we take any position with proper Risk management RR and lot sizes. The chart is solely based on my observation from a technical perspectives. Any news or fundamental impacting the movement of market is beyond of my comprehension
1. The price is heading for sell retracement level followed by long wick rejection candle
2. My idea for sell position shall be at the breakout of the support trendline
3. Bear in mind the major trend is still bullish and Sell position shall be on short term movement
* its best to look for the price action before we take any position with proper Risk management RR and lot sizes. The chart is solely based on my observation from a technical perspectives. Any news or fundamental impacting the movement of market is beyond of my comprehension