Hey guys,
Based on the chart movement price reached to a resistance area and also it reach to the top of the downward channel.
So the scenarios are:
1. Reaching price to the top of the downward channel.
2. Price rejections (starts happening from 6th of September)
3. The price reach to the 0.618 Fibonacci of the previous wave
4. Hidden divergence on RSI(14)
So these 4 reasons lead me to be seller (or seeking for sell opportunities) on LH (Lower Highs) of the market.
Note: Please consider the key price level 0.7 during this downward
** Please consider risk management rules before opening any position on the market.
Good Luck!
Based on the chart movement price reached to a resistance area and also it reach to the top of the downward channel.
So the scenarios are:
1. Reaching price to the top of the downward channel.
2. Price rejections (starts happening from 6th of September)
3. The price reach to the 0.618 Fibonacci of the previous wave
4. Hidden divergence on RSI(14)
So these 4 reasons lead me to be seller (or seeking for sell opportunities) on LH (Lower Highs) of the market.
Note: Please consider the key price level 0.7 during this downward
** Please consider risk management rules before opening any position on the market.
Good Luck!