Bullish trend line has been broken. CS (candlestick) has retraced to the trendline and rejected the marked zone. Previously candlestick has rejected the price close to 38.2% and continue going downwards then retraced to 78.6% and rejected it. It might continue going below the 100% fibo price. Also bearish divergence can be seen on D1 and H4 (much clearer). At TF H4 MA20 and MA50 nearly crossed each other downwards. Please leave a feedback so I can improves on my analysis. I'm quite new to forex so please bear with me :D
Kommentar:
