Keeping it simple here. This is the 0.618 retracement from the previous swing high and low. Intraday, a decent bearish candle on the 4H would initiate a sell for me here.
Any close above the 0.618% is a no trade. And with the Jackson Hole & ECB event coming up, this is gonna be tricky.
Note
Not perfect, but it might be a tweezer top at this 61.8% fib line. Will take a short if price closes below the last bear candle.
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