Bearish flag forming on bearish trend Ideal entries: 149.85 - 150.15 TP: 147.4
1. Broke Support on 240 chart 2. Large wicks on prior candle despite large green volumes
1. Touching the top of strong daily channel 2. Approaching resistance line from key brexit levels 3. RSI in overbrought regions 4. Coincides with pre-brexit downward channel
1) Daily is approaching Resistance 2) 240 has long wicks (red bar with large volume, signalling long orders being trapped 3) RSI is pointing for bearish on Daily, 240 and 60 4) Watch for key levels @ 88.74 (intertwining channels) - trade on breakout
1. Hovering around the tip of the downward channel 2. RSI shows bearish divergence amongst two highs Looking at temporary short-term short trade
1. Wait for price to drop and bounce at intersection between green and purple lines 2. Long at intersection and aim for TP around 18.46
1. Wait for price to drop and bounce at intersection between green and purple lines 2. Long at intersection and aim for TP around 18.46
Trade the rise unless it breaks out of channel.
Green Area marks the latest support level, trade the trend if it moves up/down.
Opportunity here? Careful to watch how prices move...
Watch that level, breakout? Resistance?