Price was going in uptrend but on 1 hr timeframe once price didnt make another high i drew a fib.
1. price retested 1 hour resistance. Price had been making lower lows.
2. fib on 1 hour went to 61.8 and hit the resistance level.
3. Once at 1 hr resistance level it had bearish engulfing candle.
Took sell down to nearest support at 163.22
1. price retested 1 hour resistance. Price had been making lower lows.
2. fib on 1 hour went to 61.8 and hit the resistance level.
3. Once at 1 hr resistance level it had bearish engulfing candle.
Took sell down to nearest support at 163.22