Please support this idea with a LIKE if you find it useful. Price has been moving to the downside. Broke a zone drawn around 1.08300 (which aligns with 38.2% fib level) and has moved back up to that zone for a possible retest.
I'll be looking to see price reject that zone to signal a reversal to back down then I'll be looking for wick rejections and candle stick formations for short entry.
If price breaks up that zone I'll be looking to see a reversal at a zone drawn at resistance aligning with 61.8% fib level.
I'll be looking to see price reject that zone to signal a reversal to back down then I'll be looking for wick rejections and candle stick formations for short entry.
If price breaks up that zone I'll be looking to see a reversal at a zone drawn at resistance aligning with 61.8% fib level.