- Double confirmation on RSI and Stochastic Oscillator that pair is overbought. Therefore pair might go in a bit of consolidation or an
a downwards trends
- Shooting Star Candlestick (long upper shadow, short lower body) formed at the peak of the chart followed by a small bearish
candlestick indicate that pair may go on a downwards trend rather than consolidation. Although the weakness of the bearish
candlestick adds some doubt
- Daily saying SHORT
a downwards trends
- Shooting Star Candlestick (long upper shadow, short lower body) formed at the peak of the chart followed by a small bearish
candlestick indicate that pair may go on a downwards trend rather than consolidation. Although the weakness of the bearish
candlestick adds some doubt
- Daily saying SHORT
Note
4-hr chart- Price approaching EMA (25, close) from the upside
Note
1-hr chart- Broke EMA (25, close) on the downside twice. Wait for price to break and close outside of 1315.31 (given price does not form a new support when market reopens OR reject EMA (25, close) with a strong bearish candlestick
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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.