Yesterday we were waiting to see if the price was going to break the H4 support level or bounce from there. It finally bounced and almost reached the 61,8% of fibonacci retracement level of the last bearish impulse.
If we have a look at the H1 candles It seems that the bulls are exhausted and bears are back. So i am expecting the price to reach the H4 support level (arround 148,300) to test it again.
I will be looking for sells in a M15 chart.
Good Trading Traders!
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Price just reached 61,8% fibonacci retracement level. Will it bounce or will go higher?