On the weekly timeframe, we can clearly see a rejection to the done side when the price approached the 137.598 price Level.
The market has just broken the trendline of the ascending trendline on the daily timeframe ( and is probably trying to come a double top chart Pattern) and has Retested the broken level with a Bearish Engulfing bar on the 4hrs time frame.
This is a good Indication to go short.
The market has just broken the trendline of the ascending trendline on the daily timeframe ( and is probably trying to come a double top chart Pattern) and has Retested the broken level with a Bearish Engulfing bar on the 4hrs time frame.
This is a good Indication to go short.