As on the daily TF, the overall trend indicates downwards. The setup comes with few confluences in my eyes,
1. Trnedline BO strong and Retest the trendline back with showing momentum of price in the short direction.
2. EMA-21, 50 crossover ensures
3. A head and shoulder pattern formed.
Let see how this pair performs.
1. Trnedline BO strong and Retest the trendline back with showing momentum of price in the short direction.
2. EMA-21, 50 crossover ensures
3. A head and shoulder pattern formed.
Let see how this pair performs.