from my previous analysis, price is bearish on daily on daily and 4hr. price is at 0.5 fib level at a resistance, would have been nice if we got a touch on the trendline too but we cant predict what will happen but only react to it, there is a small double top on 2hr which add to our confluence. if we can get a 4hr bearish engulfing candle then we can us that as a signal to go short
Trade closed: stop reached
got used to shorting the dollar that i forget the bigger time frame warning
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.