ML-FR 04.11.2016 D1 chart.
Clear uptrend and lower top.
Short term upward movement ending with Double Top Formation, as the base line is broken for probable reverse of the trend.
Technical indicators:
Break below SMA50 - negative signal
CCI(50) cross below -100 - negative signal
Entry after correction to 95.50.
SL 97,60
Alternative scneario: If price goes back above 50SMA this will negate the negative scenario.
Jr. Trader Nikolay Georgiev
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