Short opportunity
Price is below the 50 and 20 EMA with both of those lines expanding from each other indicating a strong bearish bias. Price has retested the 20 EMA and rejected it strongly. At 8:30 Australian eastern std time there was a bearish engulfing candle and confirmed a strong bearish bias. Price has been stubborn with the VWAP line as price keeps breaking it. Price action wise since the bearish engulfing has many long wick candles further confirming the bearish bias.
Go short, price should fall through the floor shortly.
Go short, price should fall through the floor shortly.
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