Pair was in an ascending channel
channel breakout into consolidation
range bound consolidation
range breakout for bearish ENTRY
take profit previous support
watch Macd for bearish confirmation and direction
channel breakout into consolidation
range bound consolidation
range breakout for bearish ENTRY
take profit previous support
watch Macd for bearish confirmation and direction
Note
Buy Stop has been hitMacd below 0 level line and macd red line - bearish bias
Note
Pair is beginning it's bearish move
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.