PRICE IS CURRENTLY ON A MONTHLY SO AND HAS BROKEN OUT, BUT SILL NEED A BULLISH CANDLE CLOSING ABOVE THE LINE BEFORE ENTERING TO CONFIRM THE BUYERS TAKING OVER
Weekly Trend is down trend on daily Time frame there was a restest on weekly support We had time frame confluence due to the restest of weekly resistance and also the restest was done on the daily. Wait for the close of the bearish candle on 1H or 4H before going short. Risk reward 4:8
Time frame confluence: Week show a bearish formation, same as daily Pattern: There is a double top formation on both weekly and daily time frame Price has reject the 50 EMA twice Target: 0.6500, which is closer to the next Daily SR Risk Reward is 2:9