Confluence Sell off 38.2

By Helloandtrade
Updated
So we see first that we have a break of structure on our previous low showing that we are in a bearish movement, Second we see that we are at a supply zone: Third we are at a 38.2 retracement with Fibonacci. Four we are waiting for a candlestick to form and so far we are looking like a Bearish engulfing candle. Fifth we are seeing a cross in the MACD
Comment
WERE WAITING FOR A CANDLESTICK PATTERN IT COULD REVERSE OFF 61.8 JUST KNOW THIS WILL BE A SHORT IN THE NEXT 4-8 HOURS
candlestickpatternconfluencesFibonacciFibonacci RetracementgoldsellmarketstructureshortsetupSupply and DemandTrend Analysis

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