Box formation formed on Daily.
We now have an M Formation (confirming further downside).
Once the price broke below, we had our first target in mind.
Which it's now heading to with grace.
200>21>7 - Bearish
RSI<50
Target remains 0.64720
SMC
Buy side liquidity (Above the M Formaiton). This is where Smart money comes and sweeps the buying (selling into it) which creates supply and downside for the market.
All signals are down.
We now have an M Formation (confirming further downside).
Once the price broke below, we had our first target in mind.
Which it's now heading to with grace.
200>21>7 - Bearish
RSI<50
Target remains 0.64720
SMC
Buy side liquidity (Above the M Formaiton). This is where Smart money comes and sweeps the buying (selling into it) which creates supply and downside for the market.
All signals are down.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.