Price unable to close above the descending trendline with another high around inner pattern.
Although resistance seems strong support is holding in well at 20EMA and presents the possibility of a hammer reversal.
For this to be successful we would need to close current H4 at roughly 1820. If unsuccessful we could end up with a D1 shooting star.
See attached H1 for a closer look.
Although resistance seems strong support is holding in well at 20EMA and presents the possibility of a hammer reversal.
For this to be successful we would need to close current H4 at roughly 1820. If unsuccessful we could end up with a D1 shooting star.
See attached H1 for a closer look.
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