1- i can see a clear bearish wedge in chart
2- our chart face 2 level bearish divergence in 1H and 4 hour time frame
3- daily chart has a clear hidden divergence between last 2 high in down trend
4- daily RSI is in OB area
5- we see that the weekly trendline is going to push back market down
6- price is in huge resistance area and crossing it to high will not be as easy as it seems
actually i wait for almost 2 week for this position . good luck to all . trade with care .
2- our chart face 2 level bearish divergence in 1H and 4 hour time frame
3- daily chart has a clear hidden divergence between last 2 high in down trend
4- daily RSI is in OB area
5- we see that the weekly trendline is going to push back market down
6- price is in huge resistance area and crossing it to high will not be as easy as it seems
actually i wait for almost 2 week for this position . good luck to all . trade with care .
Note
a huge deny from uptrend . let see if price can break wedge to down and make flag .Note
pair is fighting in huge resistance area . it will be a highest possibility that pair start to go down or it can go upper to build more complex correction
i still will wait for price to break an correct down off the trend line to enter sell
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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.