PRO
+ side by side bear candle patterns confirming res (bear engulf)
+ also rising res TL in place
+ below ema 200
+ nice R:R
+ light stoch bear divergence
CONS
-old supp now res (end 2013) just few pips above current res level
-recent swing high can provide supp (dashed line)
-body of the candles are quite small
-not a so strong signal that the bear want to take control of the mkt in the near term
+ side by side bear candle patterns confirming res (bear engulf)
+ also rising res TL in place
+ below ema 200
+ nice R:R
+ light stoch bear divergence
CONS
-old supp now res (end 2013) just few pips above current res level
-recent swing high can provide supp (dashed line)
-body of the candles are quite small
-not a so strong signal that the bear want to take control of the mkt in the near term
