Price approaching its descending trendline, Since price is in a downtrend making lower lows & highs, a lower high was made & I expect a potential rejection to the 61.8 region for a continuation to the downside for a new lower low to monthly support. Will be watching next week for a break or reversal candle to the zone its currently testing.
Happy trading!
Happy trading!
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price breakout, now watching for a break of the 61.8 for some quick pips tonight
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after last nights trendline false breakout, price rejected off the 61.8 to the downside. Now price is testing the 50 fib level where we could get a rejection to the downside..
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potential H&S Pattern.. thoughts?