Hi dear traders .
after a nice bearish impulsive move a retracement was expected ,so the price has done it nicely and it is currently below 50% of fibo .on the other hand price has met the daily support which is align with 61.8 % of fibo .
so we can expect another probable bearish impulse from this confidence area .
so we have to monitor price action on 4H to give us a nice entry .
Thanks for your time .
This is my point of view of current market , and you can analyze the chart before taking any action .
let me know your comment below and leave me a like if it was useful
after a nice bearish impulsive move a retracement was expected ,so the price has done it nicely and it is currently below 50% of fibo .on the other hand price has met the daily support which is align with 61.8 % of fibo .
so we can expect another probable bearish impulse from this confidence area .
so we have to monitor price action on 4H to give us a nice entry .
Thanks for your time .
This is my point of view of current market , and you can analyze the chart before taking any action .
let me know your comment below and leave me a like if it was useful
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