Trending down on Daily chart. Price action retracing into an area of previous support which coincides with the key 61.8% fib level and trend line. Bearish dvergence present on 4hr RSI
Plan: To wait for a reversal candle signal, if price action hits this level and short position. Aggresively, sell at price hitting the 61.8 fib.
Plan: To wait for a reversal candle signal, if price action hits this level and short position. Aggresively, sell at price hitting the 61.8 fib.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.