H4
  • Currently price level under pressure of 200MA
  • Furthermore it is also under pressure of key resistance of descending channel
  • MACD was showing exhaustion of bullish momentum


What to do now?
  • Short the market if you are an aggressive treader
  • For conservative method is waiting for the reversal signal such as bearish engulfing or hammer pattern
  • Do your proper risk management
Technical IndicatorsTrend Analysis

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