For me, it's a mixture of fundamental and technical reasons:
- drop of interest rate means more moeny. More money means it's worth less
- good US data
- h4 and h1 targets were not yet reached on TMA
- price was bellow h4 itchi and touched it. Actaully good reason to (re)enter at the time mild trend - down
- MACD down
- Stoch down
- Confluence between different time frames
- Confluence between pairs
- etc.
Perhaps not the clearest of signals, but plenty of reason for being bearish.
BR
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- bassramy Joined Apr 2011 | 1,254 Posts | Status: I will not Rest, Until I am.
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- tomthepoppop Joined May 2011 | 152 Posts | Status: Man! It's a Great Life
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