Trend: Bearish
Structure: Support and Resistance
Plan: We look for price to reject the upper level of support and then take a short down to 0.618 Fib level with 0.5 being TP1.
Price has shown some rejection at the point of resistance by a number pin bar candles.
MACD also looks to confirm shortly.
Structure: Support and Resistance
Plan: We look for price to reject the upper level of support and then take a short down to 0.618 Fib level with 0.5 being TP1.
Price has shown some rejection at the point of resistance by a number pin bar candles.
MACD also looks to confirm shortly.