on background the down_trend on Higher TF we have a big rising correction/ now have breakout the rising channel and probably it is a good opportunity to catch a great down_movement follow my signal for profit ideas
It was good that the fall was started from 1218 which is the FIBO projection of previous corrective wave in daily, but we still need to wait and check out the retracement level to confirm if the breakout is ture.
jlg83
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at the opposite in 1H timeframe you can see :
1) prices touched the EMA 200 periods and reacted long 2 hours ago.
2) the stochastics show a bullish divergence. look at your rsi from 1 :00 to now and the prices ...
plus in 4H timeframe, the EMA 50 periods is still supporting prices ...
so, if we close in 40 minutes under 1195 ok for taking a short position, but till this happens it's not so clear at all !