CA60 - SHORT IDEA
Bearish structure
LH, LL formation following
On Daily chart, the price is taking rejection from 78.6 % FIB level, causing another LH.
On Hourly chart, the price action continues.
Taking rejection from Hourly R
Support of Daily just below, from where it did react on Hourly as well.
If this Support breaks, a Short entry will be taken for target of the previous LL.
LH, LL formation following
On Daily chart, the price is taking rejection from 78.6 % FIB level, causing another LH.
On Hourly chart, the price action continues.
Taking rejection from Hourly R
Support of Daily just below, from where it did react on Hourly as well.
If this Support breaks, a Short entry will be taken for target of the previous LL.
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