1. bounce of 0.236 fib level which led to price closing with a bearish engulfing candle on friday on the daily timeframe
2. Shooting star has formed on the hourly timeframe
3. Cross of EMA's as well as the SMA about to move above price on the 4 hour time frame
4. sitting below the 50 level on RSI
i like this set up, and with no big fundamentals until Friday we shouldn't see any silly spikes!!
I believe we are heading down to the 1.2050 price by the end of the month and further down as we get closer to article 50.
2. Shooting star has formed on the hourly timeframe
3. Cross of EMA's as well as the SMA about to move above price on the 4 hour time frame
4. sitting below the 50 level on RSI
i like this set up, and with no big fundamentals until Friday we shouldn't see any silly spikes!!
I believe we are heading down to the 1.2050 price by the end of the month and further down as we get closer to article 50.