Hey trader,
As you can see the price is currently bearish running below the double tops L1, 50, and bearish crossed short-term MAs. It is expected to drop the patterns L2 & L3 together for the 200 MA (visible in my MT5 chart). But this bias will be fully confirmed once the price has bearishly closed and retested below the 1st 4H Key Lvl and 50 MA. If the price instead decides to dramatically bullish break and retest the 3rd Monthly Key Lvl and 21 MA, the signal will be rejected.
With that in mind, take the trade at your own risk, because this is not financial advice. I'm just sharing my point of view, which you also can do the same in the comments section below.
That's it for today. I hope you found value in this article. If you want to see more trade ideas and mindset tips, browse the articles listed below and hit the follow button to be notified whenever a new post has been published.
-Sphatrades.
As you can see the price is currently bearish running below the double tops L1, 50, and bearish crossed short-term MAs. It is expected to drop the patterns L2 & L3 together for the 200 MA (visible in my MT5 chart). But this bias will be fully confirmed once the price has bearishly closed and retested below the 1st 4H Key Lvl and 50 MA. If the price instead decides to dramatically bullish break and retest the 3rd Monthly Key Lvl and 21 MA, the signal will be rejected.
With that in mind, take the trade at your own risk, because this is not financial advice. I'm just sharing my point of view, which you also can do the same in the comments section below.
That's it for today. I hope you found value in this article. If you want to see more trade ideas and mindset tips, browse the articles listed below and hit the follow button to be notified whenever a new post has been published.
-Sphatrades.
