All higher time frames are significantly bearish and we are looking to enter on a bearish continuation.
We can also see that price action on the daily timeframe has been ranging between 109.250 & 106.000 and the most ideal trade would be a breakout of this range.
Within this range we can also look for lower timeframe trade opportunities.
1.Looking for a confirmed retest of the 61.8% fib level. Enter on strong bearish setups and target lower toward 106.000 (The blue trade path)
2.We see a break and retest of 107.700 followed by strong bullish setups. Look to target toward major resistance near 109.250 (The orange trade path)
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