Need to wait for next candlestick formation to confirm my position. However, doji formed on trendline leads to me thinking that a continuation to the downside is imminent over the next 2 days.
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Daily close above critical level will invalidate the trade.
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However, there's room for a potential hammer to form.
I disagree with you. Please look at the chart attached; the price is at 61.8%Fib an at the daily demand ( the support). I will not short here .
ADAMMAC
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Lets see what happens over the next few days when this trade plays out. At the moment my analysis has been spot on with a doji forming on the trend line. Predicting possibly tomorrow, most likely the next day we'll see so downward movement.
Have you taken into consideration that the bearish engulfing has closed below your .618 fib thus confirming a short position, in my opinion anyway