GA
Reasons to go short:
Monthly tf price is in a bearish trend rejecting 20
SMA and 0.764 on fibs Currently trading below
major level of 1.80000
Weekly:Last weeks candle closed as a bearish
engulfing respecting 50SMA as a level of resistance
also closing below 1.80000 as long as price stays
below that level will look to short
Daily:Price broke previous HL, also tried to push
back above 1.80000 but failed as buyers were
met with to much selling pressure
H4:Price is giving me clear bearish market
structure also trading below both my moving
averages also had a 0.5 retracement respecting
broken support now holding as a level of
resistance Looking for entries also got a strong
bearish engulfing on the previous candle
will look for a BOS on lower tfs to get my
entry 1st target -0.27 extension level
What I dont like
Daily tf price did respect moving averages as
a form of support and failed to break
Reasons to go short:
Monthly tf price is in a bearish trend rejecting 20
SMA and 0.764 on fibs Currently trading below
major level of 1.80000
Weekly:Last weeks candle closed as a bearish
engulfing respecting 50SMA as a level of resistance
also closing below 1.80000 as long as price stays
below that level will look to short
Daily:Price broke previous HL, also tried to push
back above 1.80000 but failed as buyers were
met with to much selling pressure
H4:Price is giving me clear bearish market
structure also trading below both my moving
averages also had a 0.5 retracement respecting
broken support now holding as a level of
resistance Looking for entries also got a strong
bearish engulfing on the previous candle
will look for a BOS on lower tfs to get my
entry 1st target -0.27 extension level
What I dont like
Daily tf price did respect moving averages as
a form of support and failed to break