On the 4 hour tf, the price has rejected the resistance level and the EMA 50-4h.
- the EMA 21-4h under the EMA 50-4h to confirm the strong trend
- price going down
- level and ema rejection
That is enough confluences for me.
I have placed a wide stop because tomorrow, Australia CPI data will be released.
- the EMA 21-4h under the EMA 50-4h to confirm the strong trend
- price going down
- level and ema rejection
That is enough confluences for me.
I have placed a wide stop because tomorrow, Australia CPI data will be released.