Trend: Bearish
Structure: Breakout and retest of horizontal resistance
Plan: We have identified a level of resistance which has price has broken out. Upon retest we look to take a short down to 0.5Fib level as show by the lower resistance line.
Structure: Breakout and retest of horizontal resistance
Plan: We have identified a level of resistance which has price has broken out. Upon retest we look to take a short down to 0.5Fib level as show by the lower resistance line.
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