Hello EMKioko followers,
Yesterday's candle closed bearish with a long wick;signifying huge rejectionfrom above. For this we anticipate selling
pressure to continue today.
You will also notice that we created a new low as the candle dropped lower to close at 1.0573-ish on the 30m. By default,
lower lows and lower highs lead to what we call a down trend.
From these observations, we are going to look for areas on the chart where we are going to form a new lower low and from
the lower low formed, a sell signal to confirm our sell position.
What are your thoughts on the same?
Comment below your analysis and critics.
Success in your trading.
Yesterday's candle closed bearish with a long wick;signifying huge rejectionfrom above. For this we anticipate selling
pressure to continue today.
You will also notice that we created a new low as the candle dropped lower to close at 1.0573-ish on the 30m. By default,
lower lows and lower highs lead to what we call a down trend.
From these observations, we are going to look for areas on the chart where we are going to form a new lower low and from
the lower low formed, a sell signal to confirm our sell position.
What are your thoughts on the same?
Comment below your analysis and critics.
Success in your trading.
Trade active
Trade active
Behold most of you must have got atleast 25pips from this trade. If you are yet to gain some, the could still be time as trend is bearish and we have the whole New york session ahead of us.
Be blessed. Nice weekend ahead.
Note
Well price retraced sharply after a fake break of the support above
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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.
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.