Broken market structure, rejection of institutional level of 135.00 a slight retracement to 50 which is also the 5M neckline of a head and shoulders. Expect the price to move to the downside. Target is 5 of the Elliot wave. *This is for my practice only*
Could reject 4h trend line and move towards daily S/R Zone or break trend line retest it and move down towards daily R zone. Look for buy with price action showing rejection at trend line or break of head and shoulders neckline.
price is respecting a major S/R Zone and has rejected a 50 fib level.