Overall down trend on daily
current 4H up trend
4H trend line break
50 ema above price
Bearish engulfing candle breaking support level
For trade entry,
- wait for a pull back to the 50% Fib level
- look for bearish price action e.g price rejecting 50 ema
current 4H up trend
4H trend line break
50 ema above price
Bearish engulfing candle breaking support level
For trade entry,
- wait for a pull back to the 50% Fib level
- look for bearish price action e.g price rejecting 50 ema
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