Confluences:
-Price is retracing to major a major resistance zone
-Price is retracing to the 78.6 fib level
-This is an impulse correction so we can see an impulse down
-Additionally this pair has been in a downtrend and I'm expecting for a retest and continuation down
On monday I will wait for a 4hour break of structure (lower low and lower high) and enter on the lower high, taking this part all the way down to 1.62
Feel free to tell me what you guys think!
-Price is retracing to major a major resistance zone
-Price is retracing to the 78.6 fib level
-This is an impulse correction so we can see an impulse down
-Additionally this pair has been in a downtrend and I'm expecting for a retest and continuation down
On monday I will wait for a 4hour break of structure (lower low and lower high) and enter on the lower high, taking this part all the way down to 1.62
Feel free to tell me what you guys think!