Current Price at previous structure. May take a counter trend trade with smaller position.
Current Price at support which is previous resistance level Possible to look for short entry when the price pull back to retest the uptrend
Possible entry region at the yellow zone which confluences with previous structure and between fibo 0.5-0.618 Need to observe the price action when the price draw near.
2 region to consider to enter short
Potential Short entry when retest previous structure.
Strong rally, a pullback maybe coming soon. price may good all the way to 618 and or the resistance zone before the price will have some correction.
Potential short entry when the price reaches the previous structure.
Miss the short entry, therefore looking for pullback to short at previous structure
Possible to add more short position when it pullback to the structure
Waiting for retest of the previous structure Will be determine by the the PA to enter when it reaches the region
Beginning of a downtrend on a larger Timeframe. Possible entry when the price pullback to 618 + previous structure.
Currently this pair is definitely bullish and potentially more upside. Opportunity maybe present when the price pullback to 618 +previous structure on a weekly chart.
Reason the short at yellow region: 1) 618 pull back 2) retest of previous structure