price is currently trading around previous area of support now turned resistance. waiting for bearish confirmation before going short.
Waiting for price to retest area of resistance followed by candlestick confirmation before we go short. The area of resistance is also at the 61,8% retracement level. The trade will be invalidated should price not reach my resistance zone.
Opportunity to go long on this retest. Price is currently creating higher highs and higher lows on the bigger time frames