Indicators
Ichimoku set to default settings 9,26,52,26
Fibonacci retracement tool
The below short criterias have been met
Price is below the cloud indicating a downward trend
The lagging span is below price
The conversion line is below the base line
price has retraced to or close to key fibonacci level (the the 50% fibonacci level)
bearish candel stick pattern has formed in key value area (bearish engulfing candel has formed on the 1m chart inside a key interst area)
Targeting previous lows at 1.01210 for a 3.8 risk to reward
Ichimoku set to default settings 9,26,52,26
Fibonacci retracement tool
The below short criterias have been met
Price is below the cloud indicating a downward trend
The lagging span is below price
The conversion line is below the base line
price has retraced to or close to key fibonacci level (the the 50% fibonacci level)
bearish candel stick pattern has formed in key value area (bearish engulfing candel has formed on the 1m chart inside a key interst area)
Targeting previous lows at 1.01210 for a 3.8 risk to reward