Price continues to respect the 1H resistance level.
The 4H EMA has been decisively broken to the downside, reinforcing bearish momentum.
Price action remains clearly bearish, with market structure aligned to the downside.
Currently trading below both the Weekly and Daily EMAs, confirming higher-timeframe weakness.
The 4H EMA has been decisively broken to the downside, reinforcing bearish momentum.
Price action remains clearly bearish, with market structure aligned to the downside.
Currently trading below both the Weekly and Daily EMAs, confirming higher-timeframe weakness.
Trade closed: stop reached
SL
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.