Price was rejected by the confluence of the significant round number (143.00) and the top trendline of the bearish pennant. Now a bearish tweezer top formation has developed on the H4 chart and the beast should now go down to re-test the bottom trendline of the pennant.
Only time will time whether the anticipated drop to 136.xx and then 130.xx will materialised or not. Until then, trade wisely, guys......
Below is the H4 chart as 5 pm Malaysia.
Only time will time whether the anticipated drop to 136.xx and then 130.xx will materialised or not. Until then, trade wisely, guys......
Below is the H4 chart as 5 pm Malaysia.
perfect set-up
who is yr broker? My charts are not showing any tweezer there. Must be the differences in open/close times
i am using fxpro... yes, different brokers have different open/close times for h4 charts.
your's should have an abandoned baby candlestick by now....
BEARISH, but what about the daily RSI which is 'very' oversold
sorry, i don't use RSI... so I can't comment on that. i only use price action.... in bear market,even if the price action goes up, i will stay aside and just sell the rallies.
Hi..will it possible to retest again support 139.75?..