Here we can see the bearish Fibonacci has played out.
We have made the A,B&C legs and are now heading down to make the D.
We have seen several bounces from the Bearish TL.
Most recent touch of TL failed to break it.
Now we can look for a good entry before shorting to the D1 target of 117.300 which also lines up with monthly support.
We have made the A,B&C legs and are now heading down to make the D.
We have seen several bounces from the Bearish TL.
Most recent touch of TL failed to break it.
Now we can look for a good entry before shorting to the D1 target of 117.300 which also lines up with monthly support.