WHY BEARISH BIAS TRADE Price had two failed breakout attempts of the 800 sma A 3rd failed breakout attempt of the 800 sma was a news related event Macd is below zero and Red signal lines
Short Trades News related spike bullish candle low is support level to breakout @ .71725 Price should close below 50 sma 1st Sell Entry @ .71725
2nd Sell Entry is bearish breakout of 4h trendline 2nd Entry is made from a 15m chart with a break-hook-go candle pattern Sell Take Profit is the 100 sma so possible exit area is .7110 Watch Macd for direction
Yorum
100 sma was the TP. Price hit it in the .7125 area
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