This is only my setup idea for this pair , IT IS NOT a signal
Monthly
-descending channel and strong bearish candle
Weekly
-bearish engulfing , after multiple price rejection pinbar at resistance zone and descending channel
+Stocastic in oversold
+ Macd istogram in bearish slope momentum
Daily
-Bearish Head and Shoulders
-price at support zone , so I am expecting a strong push to the downside in order to break the support area
4hr
-descending triangle ( bearish )
- few engulfing candles closed
****I will wait the price break the support area with a push then waiting a pullback/retest of the area as resistance so I will look for price action confirmation as signal to find a short entry in a lower
Time Frame
Monthly
-descending channel and strong bearish candle
Weekly
-bearish engulfing , after multiple price rejection pinbar at resistance zone and descending channel
+Stocastic in oversold
+ Macd istogram in bearish slope momentum
Daily
-Bearish Head and Shoulders
-price at support zone , so I am expecting a strong push to the downside in order to break the support area
4hr
-descending triangle ( bearish )
- few engulfing candles closed
****I will wait the price break the support area with a push then waiting a pullback/retest of the area as resistance so I will look for price action confirmation as signal to find a short entry in a lower
Time Frame