Uemland went down..

 

Observation

1) Trend line - Uptrend ( Bullish)

2) HH - Formed higher high at 3.07 and retrace after forming shooting star.. and now testing the higher low at 2.71..

3) MACD - Formed 4G2R ( Bearish)

4) RSI - Broke below 70% ( Bearish)

5) ADX - Weak Momentum and Bearish

Conclusion.

We need to becareful since it has formed a shooting star and retrace downwards.. As long it rebound from the support line of the higher low it will be still a uptrend

Entry Price - 3.1

Stop Loss - 2.69 

Take Profit  -3.18 and 3.41

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