What information can we get on Daily & 4H timeframe:
1. Both are telling us the rejection from the key resistant area with long wick candle on Daily TF and 4H with bearish engulfing candle formation
2. From 1Hour TF im looking for possibly HnS pattern formation and aiming for a short term Sell position
3. Bear in mind the major trend is still bullish and Sell position shall be on short term movement
* its best to look for the price action before we take any position with proper Risk management RR and lot sizes. The chart is solely based on my observation from a technical perspectives. Any news or fundamental impacting the movement of market is beyond of my comprehension
1. Both are telling us the rejection from the key resistant area with long wick candle on Daily TF and 4H with bearish engulfing candle formation
2. From 1Hour TF im looking for possibly HnS pattern formation and aiming for a short term Sell position
3. Bear in mind the major trend is still bullish and Sell position shall be on short term movement
* its best to look for the price action before we take any position with proper Risk management RR and lot sizes. The chart is solely based on my observation from a technical perspectives. Any news or fundamental impacting the movement of market is beyond of my comprehension