Price should turn bearish . Price is hitting 4hr trendilne and resistance.
Need to wait for an engulfing candle or nice sized doji to confirm reversal.
Price may reach a little high to the last high before turning over.
For a more conservative entry, wait too see price range at current price for a bit.
This set up is in bias correlation with the USDJPY, GOLD, and EURUSD charts.
Need to wait for an engulfing candle or nice sized doji to confirm reversal.
Price may reach a little high to the last high before turning over.
For a more conservative entry, wait too see price range at current price for a bit.
This set up is in bias correlation with the USDJPY, GOLD, and EURUSD charts.
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An additional insight, price also formed a nice wick to the high touching the 14 ema, which may give price enough momentum to break though resistance.
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Wick to the Low*