Multi Timeframe Analysis
Hint: **Look only for sell setups**
Recommendation:
The pair failed to pierce the strong weekly resistance and had been rejected to the downside.
On the daily chart , the 21 period RSI dropped below 50, hitting further losses. Expect price to fall the the 78.6% fibonacci levels from here on to correct the overextended bullish impulse on the weekly view.
Take a market order position upon the confluence of valid entry rules on the 4H or 1H chart.
Hint: **Look only for sell setups**
Recommendation:
The pair failed to pierce the strong weekly resistance and had been rejected to the downside.
On the daily chart , the 21 period RSI dropped below 50, hitting further losses. Expect price to fall the the 78.6% fibonacci levels from here on to correct the overextended bullish impulse on the weekly view.
Take a market order position upon the confluence of valid entry rules on the 4H or 1H chart.